How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 456.91

-0.5%

3:59 PM EST

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To: werefrog who wrote (54535)	12/19/2000 7:06:42 PM
From: David Howe	Read Replies (1) of 74651

frog, This isn't very hard to understand, but you seem to be unable to grasp it. << Against the background of its long-run goals of price stability and sustainable economic growth and of the information currently available, the Committee consequently believes that the risks are weighted mainly toward conditions that may generate economic weakness in the foreseeable future. >> They said "the risks are weighted mainly toward conditions that may generate economic weakness". That means they are leaning toward cutting rates. It's clear, they are more concerned about a slowing economy than they are about inflation. With that said, as a trader, you were right to short the market, or just about any tech stock the moment this was announced. The market wants to go down. No matter what AG said, other than "we cut the rates" the market was going to sell off. So, you were correct on your call. You don't have to continue beating a dead horse about what you think he said. You heard him wrong, but it's irrelevant. The market seems to be headed lower until it sees an actual rate cut. At least today it was. Dave

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