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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Crystal ball who wrote (38641)	4/11/2001 11:56:54 AM
From: Rob S.	Read Replies (1) \| Respond to of 50167

The bulls have falsely blamed Greenspan for the downturn. Fundamentals of sectors and stocks ultimately determine stock prices. A percentage up or down on interest rates does not matter that much. Worldwide markets, mega technology cycles and other factors are much more important. If the FED had 0% interest and PC technology had not come along, we would not have had a robust electronics sector. The FED discount rate could have been 8% when the Internet came along and investors still would have lost their heads and paid $200 for everything with a .com added to the company name.