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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: tejek who wrote (112280)5/24/2000 3:05:00 AM
From: Jim McMannis  Read Replies (1) | Respond to of 1579790
 
RE:"While I agree that lawyers will get rich off this case, I honestly don't believe that this is the problem; maybe for MSFT shares but not for the markets in general.

I think there is uncertainity over how much the feds will raise rates and whether a recession is in the offing. This breeds fears and there are those who are fanning the fear. Until this is resolved one way or another, I think the markets will be in turmoil....unfortunately."

The FED has been raising rates for nearly a year now yet the NASDAQ continued to soar until a couple months ago. It was due to fall off a cliff. Perhaps it needed a little shove...Reno may have provided that.

Jim