I like your points, Alan.
This has been a wonderful market, and it seems to me that both the Fed and the DOJ are vainly attempting to control what is a revolution (digital/technology), its incredible profits, the many monopolies it has created and yet, because so fast moving, can uncreate. It's like a force of nature and those left out of it, either because they come from a different era (Greenspin) or they didn't make as much $ (the companies in cahoots with the DOJ) vainly attempt to control it.
I guess we could be in for serious short term trouble if FOF are negative, which they very well may be (it's sort of priced into the stock, but I believe it would easily sell off into lower 80s anyway, the bottom of a trading range of late), but it's also obvious MSFT would win on appeals. I'm actually, long term, more concerned with their wireless and internet initiatives and how they can attract top talent.
Jill |
