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Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?

To: Charles Tutt who wrote (32099)	5/19/2000 1:08:00 PM
From: QwikSand	Read Replies (2) \| Respond to of 64865

I'm very worried that they've already done enough to bring on a recession. You kill the "wealth effect" enough and you reduce demand to recession levels for both retail and capital spending. Not a bear market? Good news doesn't move the market any more. The market goes down on good news. Wealth continues to evaporate (including all of ours) at an alarming rate, and one of these days it's inevitable that there won't be good news for the market to drop on, but rather a string of bad quarterly earnings reports; lowered big-cap revenues, same-store retail sales, and profits. Then guess what happens. This has nothing to do with the specific fundamentals of SUNW or any other company. My feeling is that the "booming economy" is already over and we are (probabaly) in the dead-man-walking phase: a recession but don't know it yet, with the indicators lagging and SUV's still selling in Silicon Valley. At this point I agree with the Fed-bashers that it is incompetent and irresponsible for Fed governors to be making tightening noises in public at all. This is because they are obviously not in a position to gauge the effects of what they've already done, and won't be for months. If they actually do tighten again in June they could cause a really dire mess. It's hard to fathom. --QS

To: Charles Tutt who wrote (32099)	5/19/2000 3:45:00 PM
From: Byron Xiao	Respond to of 64865

I think over the years, Alan Greenspan has proven to be the best monetary policy maker that the world has ever seen. He should be a god, so no one should question him.