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Technology Stocks : How high will Microsoft fly?
MSFT 483.69+1.1%3:59 PM EST

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To: Yaacov who wrote (31469)10/31/1999 5:45:00 PM
From: Frank Ellis Morris  Read Replies (3) of 74651
 
Yaacov, Good buddy How have you been??

We certainly went through a rough time in the stock market for several months. I know it is a little early to predict how the stock market will fare when it begins trading here in the US in 15 1/2 hours but the s+p futures are the highest I ever seen in the early hours

Chicago Mercantile Exchange
GLOBEX PRICES AS OF 10/29/99 03:25 PM TRADE DATE: 10/29/99

CONTRACT LAST NET CHGE CONTRACT LAST NET CHGE
S&P 500 DEC99 1362.20 +1200 EURO $ DEC99 93.97 +3.5
E-MINI DEC99 1376.25 +2600 MAR00 94.08A +7
MAR00 1391.75B +2625 JUN00 93.905 +13
NSDQ100 DEC99 2601.00 +4050

Let see what it looks like when I get up after 4:30am tomorrow morning. I do expect that if nothing crazy happens the overseas markets will cheer the great performance of our markets on Friday and the cycle will continue. The infamous October is finally over and in lieu of people jumping out windows at the 72 anniversary of the 1929 stock market crash they were throwing confetti out on New York in celebration of the Yankees. It may have well been for the stock market too. Finally Allen Greenspan may have gotten it right. The great news from Intel and AOL also help to really light a fire under a long overdue sell off. Lets hope that the good times will now roll.

PS It was a awful tragedy for the ill fated flight of that airliner bound for Egypt. I think it was the second or third tragedy of this sort over the past year in the same area. Our prayers certainly goes out to the families.

Hope everything is well with you

Take care and
Sholom
Frank
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