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Technology Stocks : Oracle Corporation (ORCL) -- Ignore unavailable to you. Want to Upgrade?

To: nanu swamy who wrote (4497)	12/15/1997 5:10:00 PM
From: Mo Chips	Read Replies (1) \| Respond to of 19080

"If the Fed stops pumping money into the market, the DOW would collapse like a rock and so would all big cap stocks..." You mean the Fed is buying stocks on the NYSE??? Yea right... And there WAS another gunman on the grassy knoll... Mo

To: nanu swamy who wrote (4497)	12/15/1997 7:43:00 PM
From: John F. Dowd	Read Replies (1) \| Respond to of 19080

Hey nanu do you know what the word sophomore means and how it is derived. beware of the immediate application of newly found "knowledge". True the Fed lends money at the discount window and true they manipulate overnight bank borrowings through the Fed Funds rate and they can fine tune with Open Market Ops.but hey cannot control the fact that there is presently a flight to the dollar which is long over due as the other currencies of the world are artificially high. How do I know ? Go shopping in a foreign country and see what things cost in terms of dollars! The bond market will get stronger and interest rates therefore are headed down Fed or no Fed. Why do you think Buffet bought no couponTreasuries months ago? The only companies that prosper in this environment are efficient ones. MSFT is one of them.

To: nanu swamy who wrote (4497)	12/15/1997 10:20:00 PM
From: lml	Read Replies (1) \| Respond to of 19080

<<My gut feeling is that ORCL moves by about 3/4th point for every 100 point change in the DOW under normal circumstances. So to see ORCL at 26 the DOW should be consistently above the 8200 level... To add something which may seem preposterous to some, I think that the DOW is right now under computer control and is being held "artificially high" to keep consumer confidence up. If the Fed stops pumping money into the market, the DOW would collapse like a rock and so would all big cap stocks... (most of my thoughts have been influenced by a book which I have been reading which describes how the Fed controls the economy.>> Nanu, first, toss the book in the trash; then second, get a clue that this is a market of stocks & not a stock market. Let's see, if you had made your correlative statement b/w the Dow & ORCL 2 weeks ago, the Dow would be trading about 7200 right now. What's the use of couching your hypothesis with the caveat of "normal circumstances." This is a market of many different stock influenced by sometimes random & unpredictable events. The situation is never normal. There's always something on the horizon that the market is hoping for or fearing. Bottom line: get rid of the book.