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

To: Hands Off who wrote (10549)	5/26/2000 8:53:00 AM
From: James F. Hopkins	Respond to of 24042

Hi Marshall; If you look at a longer term VLIC you can see the bull market..and were it ended..I don't think the rate hikes are going to do a any thing but hurt more in the long run. quote.yahoo.com^VLIC&d=5ym ----------------------- About Interest rates.. GreenSpam is living in the past..and does not have to run a business and show a profit. In today's time almost every company carries long term and uses short term dept..I was a Deep Sea Tug Boat captain and can tell you for a fact that "fuel cost" and "interest cost" on every vessel I ran , was more than the cost of the "payroll" ( I had access to the papers ) all this jive about wage pressure being the big culprit is just a spin. Sure it has it's effect but an Interest rate hike of 1% will cost more over time than a wage increase of 5%..no one is looking at all the dept and how much it cost. Or the fact to stay alive many companies now have 3 times more dept than they did 10 yrs ago. High interest has just a much effect at creating inflation as wages if not more..running the rates up and up and up and UP could well cause a recession the real effects will take time to be noticed. Just like a bear market takes time to be noticed..by the time all the pundits start admitting we have one it will just about be over. -================ One other thing to look at..is the long term DOLLAR index compare it to the S&P if you will. You will notice that on any major correction that the Dollar also fell, and that at all major tops were marked by dollar index highs. ------ THe Apirl low was not marked or confirmed by a dollar index retraction and I said so at the time.. ALL major bottoms have always been confirmed by a dollar index drop I just can't believe we will have the first exception in history. So I said in April THAT it was not the Low.. The BIG international ( one/world/government) of investment bankers parlay the currencies against the markets and buy a market on LOW currency, and sell into a market on high currency. Not just our market it's world wide I have long advocated a TOBIN tax on large currency swaps to break up this racket. Jim