How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 477.74

-2.5%

3:59 PM EST

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To: michael97123 who wrote (44689)	5/11/2000 2:18:00 PM
From: Jacob Snyder	Read Replies (1) of 74651

re: #1 Greenspan's job is to fight RECESSION and the battle against inflation should be to prevent the former. I've read all his Fed statements and speeches for the last 2 years, because I consider him the best economic thinker now living. What he has said, very consistently, very plainly, for a long time, is precisely the opposite of your statement. He says his #1 job is to allow maximal economic growth consistent with price stability. Price stability = inflation below 2%, and he will slow the economy down to whatever extent necessary to achieve and maintain that goal. Any other interpretation of his statements is wishful thinking. Greenspan owes Clinton/Gore nothing. He has been reappointed, this is probably his last term, he is free to ignore them. He will raise rates for the 6th time next week(notice that he raised rates throughout Gore's primary campaign) , and has given every indication that we have at least 2 more 1/4 point hikes after that. At least. Sometimes historical patterns don't repeat. You may be right about a bottom in techs, but your reasoning is wrong. I bought more at-the-money LEAPs in MSFT today, when we bounced at support.

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