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

To: Master (Hijacked) who wrote (10153)	5/10/2000 7:34:00 PM
From: t2	Read Replies (1) \| Respond to of 24042

It will be the PPI, CPI, and same store retail sales that will determine the direction of the market, IMHO. I don't think the FED moves will be as important. If the economic reports as no worse than expected, we should be OK going forward. 25 or 50 basis points won't matter then. My feeling is that there is some forced selling out there. Still could be hedge fund problems. Otherwise, I cannot imagine so much selling in under such bearish sentiment. A mutual fund would not unload at these prices. I just think it is either the retail traders and hedge funds shorting OR MORE LIKELY a hedge fund being forced to sell out. I don't believe the individual investors are being hit with margin calls as they were back in early April. The big caps going down sure seems like someone has a need for cash.. and fast! We could in the process of another shakeout that I hope is over in the coming day or two.

To: Master (Hijacked) who wrote (10153)	5/10/2000 7:48:00 PM
From: trouthead	Read Replies (1) \| Respond to of 24042

You're not thinking about this, dude. The government is not a single entity acting in concert to get us to vote for them. It's the Democrats VS the Republicans. The R's would like nothing better than for the market to tank and the economy to sour. If this happens and the blame can be laid at the feet of the D's GW will be a shoe in. This whole correction thing has legs. I don't see a rise until dec. At least that's what my K-Mart crystal ball says. jb

To: Master (Hijacked) who wrote (10153)	5/10/2000 11:36:00 PM
From: Hank Stamper	Read Replies (1) \| Respond to of 24042

"Come September suppose the government brings down interest rates to the grateful relief of its citizens. Don't you think the government will look mighty good, with the elections looming just around the corner. Remember, we have short memories!" The "government" does not control short term interest rates. The "government" has some, but not all by a long shot, control over the supply of money. Greenspan is at the wheel. He has been re-appointed for another term. He does not have to look good nor care! He is independent and un-hobbled by the election. He will not bring down rates in September unless there are sure signs NOW of deflationary trends. He will continue to keep a tight money supply. Best you can hope for is that he takes a one or two month pause in the hikes during the silly season. Regards, David Todtman