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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (8636)	1/28/2004 6:49:24 PM
From: rhering	Read Replies (3) \| Respond to of 25522

OT: Stock Selloff Today after Fed comments I still don't understand why the averages sold off today. To me it is irrational un-exuberance. 1) It cannot have been any surprise that the Fed is going to raise rates in the not too distant future. 2) Where do people think bond holders are going to put their cash? Stuff it under their beds? I don't think so. In fact if the Fed didn't change their wording I would have been more worried. Wondering about what they know about the weak labor market that I don't. Regards, Roger