How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 510.37

+1.4%

Nov 14 9:30 AM EST

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To: t2 who wrote (24975)	6/25/1999 7:32:00 PM
From: limtex	Read Replies (3) of 74651

t2000 - Sorry to harp on abou this fed stuff but :- 1. there is no inflation in sight not an ounce of it, not a smidgen, not a sniff, nada, niente, nichts, keine, rien etc. Someone on CNBC said today that the fed was now ont concerend about inlfation today which they accept is nonexistent but about inflation in two years time....YES 2 years time. How on earth they have any idea about inflation in two years time when they openly admit they haven't the faintest idea why the economy is performing as well as it is today and they didn't seem ot have any idea that inlfation was nonexistent when they went to what they refer to as a "tightening bias" becuase of the previous months blip. People keep saying that we should be very grateful because the Fed has presided over this nine years of fantastic economy. OK but it seems ot me that this economy hapened despite what the FEd did even independently of the Fed. 2. Now people say well therre is a recovery in the Far East and in Europe. Well is there? The Japanese economy hasn't exactly recovered yet at all. It is still on its knees and not showing any great signs of getting up. As for Europe the main engine of the Europena economy, the single third biggest economy on earth nakmely Germany is tetering between a recession and a very bad recession. Without Germany the World economy nver mind the European economy can't be said to be recovered. So where is the big recovery? Maybe Korea and that is a great economy but relatively small. Sorry but I just cannot get over the impression that the only reason the Fed wants to put up interest rates is to put the skids under the market. Syure they sorted out LTCM last year but that was becuase if they hadn't there would haave been a really nasty situation. Just seem to me that the FEd has been looking for an excuse to crack the bull market and send it back to 7,000. They just don't seem to be able to stand it if the market takes off. and with the earnings that we are about to get the market would have taken off ad thats why all this talk of "tightneing bias" and driving the long bond up to 6.5% or 7% or whatever it takes to knock the stuffing out of the market and scare the investors to what all the omentators call "capitualtion" . I guess next week is going to be a re-run of last August. Miserable. Best regards, L

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