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Technology Stocks : How high will Microsoft fly?
MSFT 423.31-1.6%Feb 2 3:59 PM EST
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To: John F. Dowd who wrote (24779)6/23/1999 9:57:00 PM
From: t2  Read Replies (4) of 74651
 
JFD, At first what you said is how i understood her but she seems to have contradicted herself--and reasserted her bullishness also.
She also mentioned only modest inflation possible---that implies no big rate hikes by the Fed, meaning market can go higher.

As i see it 1/4 point with a "neutral bias" is expected next week. How can one have a tightening bias --- they would rather increase by 1/2 if that was possible.
1/4 is nothing, IMHO. It can't really push the retail investors to the exits. Where are they going to go---the bond market?<g>
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