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To: Jim Willie CB who wrote (24047)6/29/2000 11:39:00 AM
From: Voltaire  Read Replies (1) | Respond to of 35685
 
As Alger said, not in tech.

V



To: Jim Willie CB who wrote (24047)6/29/2000 11:44:00 AM
From: r.edwards  Read Replies (1) | Respond to of 35685
 
JW, he also said if the surplus continues i-rates go towards zero.



To: Jim Willie CB who wrote (24047)6/29/2000 11:45:00 AM
From: Jim Willie CB  Respond to of 35685
 
Alger interviewed on CNBC, main points:

- the Fed is now off the market's back
- stocks heading higher and soon, esp growth stocks
- if they hike in August, then they are finally done
- they have at most one more hike left, then we rally hard
- sure, cyclicals experiencing profit squeeze
- cyclicals not likely to rise in value
- but, growth stocks have no such profit squeeze
- sees MSFT heading to 100, no breakup, resolved next year
- even with MS breakup, he sees 100 since good growth prospects

intrepidly, JW