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Technology Stocks : 3Com Corporation (COMS) -- Ignore unavailable to you. Want to Upgrade?

To: Wayners who wrote (19987)	7/31/1998 10:28:00 AM
From: joe	Read Replies (1) \| Respond to of 45548

>>According to briefing.com, the S&P started trading up a bit while the long bond traded down 6 ticks. There's two bears camps for the stock market. Those that are bearish because of prospects for a slowdown and resulting slowdown in earnings. The other camp is those that think we are headed for high inflation and higher interest rates. Today I think the former camp is larger. << If it's the former camp, then they will feel relieved to see high GDP. That means domestic demand for products is still very high, and the next few quarters will be OK. You have to keep in mind that today's low GDP is a result of inventory correction. Inventories were too high at beginning of year, so they cut down in 2nd quarter to rebalance. But by no means does this indicate a slowdown (imo).. Next quarter inventories should be much cleared and it will show in earnings and economics numbers. (imo)