How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 506.00

+1.8%

3:59 PM EST

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To: RTev who wrote (30060)	9/25/1999 12:57:00 PM
From: John Donahoe	Read Replies (1) of 74651

RE: A market that reacts so excessively to offhand remarks by a company executive is not a healthy market. If tech stocks were not overvalued, and if thousands of investors did not believe that the market is overvalued and due for a correction, then Ballmer's remarks would have caused nothing but a shrug-line in the charts. Interesting post. Not a "healthy market"? Maybe it's the sign of a "healthy market". Much worry and angst tells me there may be a lot of cash on the sidelines. And remember that old saw the market climbs a wall of worry. Consider: The economy is in great shape. Inflation in check. I predict 2000 is going to be a gang buster year for corporate profits and a great year for stocks.

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