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Technology Stocks : Kulicke and Soffa -- Ignore unavailable to you. Want to Upgrade?

To: Donald Wennerstrom who wrote (3824)	5/27/2000 4:58:00 PM
From: scott_jiminez	Read Replies (2) \| Respond to of 5482

You've exquisitely summarized points I've been attempting to convey in a series of posts over the past week. Thank you. My only slight disagreement would be your stinging appraisal of the Fed. There have been some clear indications that inflation is on the horizon. While the old saw about high growth and low unemployment being nasty bedfellows vis s vis inflation may have been overstated, it cannot be dismissed. The stock market wealth effect would have led to an even bigger bubble than already existed...and this may have led to a REAL disaster. Interest rate hikes were necessary. Perhaps the Fed overshot, but even that is unknown yet. In my view, it's best to have a significant correction within a bull market NOW - while the Fed cools things off - rather than a tremendous crash, with a subsequent recession or depression, in the future. Stockholders are getting smacked around silly NOW; we'll appreciate this pre-emptive action in the near future. IMO, Greenspan is acting prudently. Sermon over.