FastSaying

The comments from the Gore campaign this afternoon accelerated the selling.

Clark Yingst

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The Gore campaign has got to be worried.
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I think what's happening is a continuation of the correction in the overbought technology sector that began a couple weeks ago.
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There seems to be a growing perception that (Fed Chairman Alan) Greenspan is engineering what has historically been so elusive on Wall Street. And that's a soft landing, which is generally good for stocks.
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We would characterize today's rally in the tech sector as an oversold bounce.
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Perhaps it's a function of the fears that (Fed Chief Alan) Greenspan has already gone too far (with interest-rate hikes) and the worst news is yet to come.
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