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Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?

To: jmanvegas who wrote (9208)	4/19/2000 8:33:00 AM
From: Jill	Read Replies (1) \| Respond to of 24042

Well it certainly makes sense to have cash to buy last week, an opportunity I really DIDN'T have. And maybe it's true the Fed would bring us to the edge of recession, but there have already been grumblings against Greenspan for what he's doing. As the NYer noted and I"m paraphrasing, if he can manage to keep the economy in balance he'll go down as the greatest Fed chairman in history (YUCK!) and if we go into a recession he'll be excoriated and remembered as the fool who ended the bull market. I don't know jman, I think it's in the nature of these boards and all of us to predict, predict, predict. And we can't, really. I think one thing we can do right now is play the volatility--and once I get my sea legs back (I'm still a bit exhausted this week) I may commit a portion of $ to doing just that. For instance, one could've ridden INTC up via calls the last 2 days. I just didn't have any stress buffers left in me to do so. Anyway I'm happy about QCOM.

To: jmanvegas who wrote (9208)	4/19/2000 3:38:00 PM
From: Hank Stamper	Respond to of 24042

"Bill Gross of Pimco, probably considered the #1 bond trader & guru in the world has stated the Fed won't ease up until the Fed really slows things down even if that means putting us on the edge of a recession regardless of the markets. " I don't know this guy--Bill Gross--but, the Fed (especially this Fed) will not ease up until the growth rate has clearly slowed down. When will this slowing occur? It takes a minimum of 12 months for Fed tightening to have an observable effect. The Fed often over-shoots because, in reality, it only has blunt instruments at its disposal. What does Fed tightening do? When the Fed tightens, it restricts money supply; that's what tightening means! Money supply restriction, for a variety of reasons, suppresses stock prices. Simple. Those with dry powder when this (putitave) bear market reaches its next inflection point, will be able to select quality equities at lower valuations. Well, that's what I think. Ciao, David Todtman