Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Bill Harmond who wrote (14794)	10/15/1998 6:31:00 PM
From: Sonny Blue	Read Replies (1) \| Respond to of 27307

WH, I'm back at it again. I think this surprised rate cut is the main catalyst to turn the market around. You seem to time your entry very well this time. Morgan Stanley must tip you off <G> This rate cut was rumored since last Thursday. Hmmm, the big boys must have known about it since. How long can you keep the 12 Fed guys quiet?! The strange thing is they announced it during market hours and right before the expiration day. Tomorrow should be a wild day.

To: Bill Harmond who wrote (14794)	10/15/1998 6:38:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 27307

>>It's not Greenspan's job That doesn't change the facts. The point was it was wrong. Glenn

To: Bill Harmond who wrote (14794)	10/16/1998 1:58:00 AM
From: craig crawford	Respond to of 27307

It's not Greenspan's job >> That doesn't change the facts. << Precisely! The facts haven't changed one bit. Coke's earnings dropped 12 percent, Gillette's business stinks, P&G has problems, banks are losing money hand over fist, HWP and JPM say they see a recession in 1999, the stock market just got more overvalued, Japan is still mired in recession, corporate profits are decelerating or declining, layoffs are being announced everyday, consumer confidence is waning, spending is slowing, etc, etc, etc. Yes William, you are right. Greenie the weenie lowering interest rates didn't change the facts, just the psychology. After this snapback rally plays out the market is going lower, mark my words...