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Technology Stocks : How high will Microsoft fly?
MSFT 492.01+1.3%Nov 28 9:30 AM EST

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To: johnd who wrote (8547)6/21/1998 11:54:00 PM
From: ed  Read Replies (1) of 74651
 
I do not know if NT5 and Office 2000 will be delayed, I have not heard such rumor
, and where did you hear it ?
As for the interest, I do not see the raise of rate in the near future, and in fact the rate may drop from here due to the Asian crisis, and the reduction of federal debt.
As to the stock of MSFT, I have no idea if a 10 to 15% correction will start from here, but what I do know that millions of dollars is currently moving to the US
market everyday from Hong Kong alone, and those money will definitely go to the stock market.The same for the rest of Asia, billions of dollars is now moving to the US market to protect the value of money.
So, the US market is now flooded with money and no way the rate will be raised
in the near future, and also think about the devaluation of the Yen, if US raises the rate at this point, it will definitely weather another round of currency devaluation in the Asian market, and this time US can not get away from it.
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