How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 497.36

-1.9%

3:59 PM EST

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To: taxman who wrote (30625)	10/14/1999 8:53:00 PM
From: t2	Read Replies (2) of 74651

Greenspan did not say anything unusual as far as i can tell. If he was actually serious, he would have started cutting rates in October. A tightening bias at the last meeting does not seem to suggest he is that concerned about equity prices. He would try to prevent crashes instead of trying to act afterwards like 1987. His comments are no big deal. A guy that thought stocks were overvalued in 1996 is not very reliable in determining stock values in 1999.

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