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Technology Stocks : How high will Microsoft fly?
MSFT 492.01+1.3%Nov 28 12:59 PM EST

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To: ed who wrote (9925)8/3/1998 7:39:00 AM
From: Mike Milde   of 74651
 
<< I do not see the possibility the economy will shrink in the next six months. Could you please explain to me why you think the market is over valued. >>

An expanding economy does not equal a rising stock market. Where did you get this idea? If stock prices continue to rise faster than earnings, then something must break eventually. Unless you're one of those that believe we are "in a new era" and valuations don't matter. People have said that for decades. None were ever right.

Mike
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