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Technology Stocks : Booking Holdings (formerly Priceline) -- Ignore unavailable to you. Want to Upgrade?

To: coachbobknight who wrote (1582)	6/4/1999 2:41:00 AM
From: B. A. Marlow	Respond to of 2743

Just wanted to hold you to your "guaranty," coach.<g> Don't disagree with your analysis, although the Fed has itself made mistakes this past year, so you can't be too literal. In the end, believe your parenthetical conclusion is correct--that for now, Greenspan's just talking the markets down. A good explanation as to why this is so is that he can't destroy fragile foreign economies, including Europe, by strengthening the dollar. Thus, absent convincing evidence of inflation (let's not confuse inflation with a little growth, which is tolerable), the FOMC will keep the bias but hold the rates. Also, many fail to appreciate that the markets are getting the "job" done by themselves. For example, mortgage rates are now sharply higher. Ironically, the Naz is acting as though it wants the FOMC to raise rates and get it out of the way. In the end, the whole thing is a lot of noise. We'll be snapping back soon. BAM