How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 472.94

-2.2%

Jan 2 9:30 AM EST

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To: Dave who wrote (55228)	1/15/2001 11:41:50 PM
From: David Howe	of 74651

But "this time" the world is subject to new rules based on advancements in technology. If this technology was able to gather economic data and distribute it much more rapidly than in the past, maybe businesses were able to predict the slowdown in time to avoid over expansion and excessive inventory buildup. We aren't going to escape a modest slowdown, but we should escape the dramatic collapse that you seem to feel is now unavoidable. If you are correct that the next cycle low will be a major recession, maybe there's another possibility that should be considered. The Fed is acting and acting decisively to prop up the economy. A surprise 1/2 pt rate cut isn't exactly a sign that they're going to sit back and watch as the country falls into recession. Maybe they spur the economy back into gear and we go through another wave to the upside before falling victim to a recession a couple of years later. My guess is that neither scenario occurs. I'm betting on a mild slowdown followed by a decade of decent economic expansion. IMO, the market will wallow in a trading range for 12 - 18 months and then begin another bull market, but one with less than spectacular gains (6 - 8% per year on average for the next decade). Dave

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