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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: Night Writer who wrote (25979)	5/10/1998 5:22:00 PM
From: Jack T. Pearson	Read Replies (1) \| Respond to of 97611

Followed the link you posted. Lots of people are nervous because P/Es are at record highs. There are reasons the markets keep going up. Lower interest rates are a factor--people prefer stocks to bonds when rates are low. The babyboomers appear to be stuffing money into the market at an increasing rate. Federal deficit is gone. Southeast Asians moved a lot of money into our market when their economies faltered. Japan is about to allow the Japanese to invest overseas. High tech is making companies more productive. But people are still nervous. I'm one of them. This won't last forever.