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To: long-gone who wrote (57055)	8/6/2000 12:39:44 PM
From: Alex	Read Replies (1) \| Respond to of 116972

<<His colleague, Barton Biggs, has gumboots and raincoat on as well, while expressing amazement at the seeming complacency of investment managers pushing the latest decline in big-cap tech stocks as "just another buying opportunity". Biggs thinks it could well be the beginning of a new leg down in the tech bear market, "and in this phase the focus will be on the impact on valuations of relatively minor disappointments and downgrades in the earnings and prospects of the great tech sacred cows". He also thinks the Fed not only hasn't finished with interest rates but will be forced to raise them a lot further than anyone suspects.>> smh.com.au