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Technology Stocks : How high will Microsoft fly?
MSFT 491.12+1.7%3:59 PM EST
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To: John F. Dowd who wrote (27113)7/22/1999 2:26:00 PM
From: Alan Buckley  Read Replies (2) of 74651
 
Greenspan's role is to maintain confidence in the value of our money. I think that requires consideration of a wide variety of factors, and he's done well on that. Sure, it's annoying that he can bring the markets down 10% with a casual one-liner, but he's hinted at a lot more rate changes than he's actually made. From a solid economy point of view, stable interest rates are more important than stable stock prices.

I see the traditional late summer to October tech panic is upon us. As usual, it will be long forgotten in February.
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