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Technology Stocks : How high will Microsoft fly?
MSFT 483.88+1.6%3:59 PM EST

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To: Valley Girl who wrote (54840)1/4/2001 1:24:05 PM
From: Dave  Read Replies (1) of 74651
 
Now wait a moment, post-rate-cut, you're saying you think MSFT and the market are headed down from here?

Absolutely.

I can't say whether it will happen today or six months from now, but there's no way we've hit bottom. The DOW and S&P 500 are near record highs. The market is still rife with wanton speculation. When the bottom hits, people won't be waiting by the BUY button saying "Is now the right time to buy back into the market? Now? How about now?" They'll be out looking for work, or at home sorting their coupons.

Dave
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