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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Smartypts who wrote (98817)	5/22/2000 1:38:00 PM
From: puborectalis	Respond to of 120523

``Clearly, investor sentiment is very negative,'' said Erik Gustafson, senior vice president and portfolio manager at Stein Roe & Farnham. ``Everybody is letting cash build up and nobody is buying.'' ``The Fed and the Fed 'hawks' seem intent on killing the prosperity,'' Gustafson said, adding that ``if that's the case, this market has got a lot of problems.'' He said the Fed's aggressive moves come despite evidence that inflation is well-behaved. Joseph Battipaglia, chief investment strategist at Gruntal & Co., said in a research report that he doubted the Fed would try to force the economy into recession just ahead of an election, without considerable evidence of a build-up in inflation. He said that with few signs of inflation, he expects a resumption of the bull market in stocks later this year. HURRAY FOR JOE!