How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 472.39

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11:21 AM EST

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To: David Howe who wrote (67135)	4/11/2002 7:10:36 PM
From: John F. Dowd	Read Replies (1) of 74651

DH: It certainly is. The public has been buffeted for the last 2 months by: 1. Dot.com heist 2. MSFT suit 3. Greenspan rate hikes while oil prices were going from 10 -30 bucks 4. Enron debacle 5. Worst profits recession since the great depression 6. The Mideast crisis Now they were beginning a witch hunt of the crown jewels of American capitalism which undoubtedly would have knocked the train of progress further off the tracks. Greenspan can decide he made a mistake and reduce rates as fast as he raised them but he cannot restore the confidence in the markets that he nearly destroyed. More people lost 10x more $ in LU than ENRN but because there was a lot of political taint in the ENRN case we had to further erode market confidence by making a circus of the case. If they are going to look into these things they should do it with less fanfare until the gavel comes down. But the poiticians and media sensationalists love the grist that these things provide for their mills and the investor gets burned twice. The whole climate for business has been negative for two years now and sooner or later the investor gets weary. The government should be careful on how they go about restoring confidence. JFD

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