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Technology Stocks : How high will Microsoft fly?
MSFT 510.37+1.4%3:59 PM EST
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To: Teflon who wrote (30414)10/5/1999 3:28:00 PM
From: Bill Holtzman  Read Replies (1) of 74651
 
Tef, You hit the nail on the head when they first tightened rates this year with your "neutral bias" prediction, what do you think of this tightening bias? Why do they raise rates during a neutral bias period and then hold them as they proclaim a new bias? It's kind of like pulling your punches, isn't it? It's like Greenspan wants desperately to rein in the stock markets without being blamed for a major correction. Always a little good with the bad. A spoonful of sugar to help the medicine go down.
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