How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 483.65

-0.8%

Dec 31 3:59 PM EST

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To: t2 who wrote (24902)	6/25/1999 6:04:00 AM
From: limtex	Read Replies (1) of 74651

tech2000 - I just posted this over on the QCOM thread:- Interest rate storeis all day long on CNBC. Long bond etc really spooked ...despite almost no inflation and none on the horizon. My guess is that if they do raise interest rates next week and it triggers a general round in Europe as well then thats it. The Fed will for sure have made themselves very happy and since Europe will go into a tailspin and any idea or flicker of recovery will be out the window ofr a very long time and that combined with the rate hikes will put paid to the nie year growth in the domestic US economy. Maybe thats what they want. Their problem seems to em to be that they really don' like it when the market gets too high and too many people have done too well. It just seems to get in their craw!!! Their spooking is quite well timed as well coming just in front of the next earnings season. And they can extend this spook period for another few quarters just as great earnings get announced in order to prevent the market from doing well. Great strategy. They must have been really upset to find thea the inflation figures were so benign last week and then to cap it all they had to endure the Naz going up over 4% on one day alone. They must have been horror struck to imaging what would have happened next week and the succeeding weeks as the great earnings announcements rolled in. S&P Futures down again this morning except this time it looks big time down. This is now how many days of continuous down. Shame its been good while it lasted. Best regards, L

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