How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 483.69

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3:59 PM EST

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To: Al Bearse who started this subject	2/28/2001 11:37:15 AM
From: David Freidenberg	Read Replies (1) of 74651

Today’s FOMC testimony should blow off any concerns people may have about AG’s wisdom. He’s proven once again his ability to put his finger on a problem, and eloquently express it: technology, while a wonderful thing for productivity and real time business management, may have advanced more rapidly than the population’s ability to emotionally adapt. Increased knowledge of moment to moment changes in data has an amplified effect that has increased volatility of human emotion, and therefore exaggerated behavioral responses of businesses, consumers and the market. While the Fed will make every effort to decrease it’s reaction time to respond to economic data, this alone isn’t going to solve the problem. It’s his way of telling people the overall scenario of increased productivity and strong US economic performance is intact, and that irrational fear is governing the economy in the short term. Whether people will listen to what he is saying is the question.

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