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Technology Stocks : SAP A.G. -- Ignore unavailable to you. Want to Upgrade?

To: deeno who wrote (2459)	9/3/1998 7:17:00 PM
From: Jay8088	Read Replies (1) \| Respond to of 3424

By monetary policy, I assume you mean the low interest rates which are still declining. However in a deflationary time, demand collapses and contracting economy decrease corporate revenues and margin. So stocks go lower despite ever decreasing interest rates. As far as sentiment is concerned the reference levels change in a bear market. So even very bullish sentiment numbers may result in only a dead cat bounce rally. And in all kinds of measures - Dow theory etc.- we ARE in a bear amrket. Holding a high p/e stock in a bear market is not conducive to your financial health.