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Technology Stocks : Altaba Inc. (formerly Yahoo) -- Ignore unavailable to you. Want to Upgrade?

To: Oeconomicus who wrote (10949)	6/1/1998 4:07:00 PM
From: Bill Harmond	Read Replies (2) \| Respond to of 27307

I think you're right that market is telling us to sell economically-sensitive issues and get defensive...so the operator here is cyclical earnings. On the assumption that Asia doesn't cause deflation here, I bet it turns out to be a technical correction for Yahoo, but that could still total 40-50% like last Fall. So far we've seen 22%. Right now I'm betting on the worst case scenario, and cutting the market lose. We don't know where the monsters are.