How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 486.98

-1.4%

Nov 19 3:59 PM EST

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To: LindyBill who wrote (13904)	1/7/1999 11:01:00 AM
From: Ed Schultz	Read Replies (3) of 74651

LindyBill, >>There is nothing on the horizon, that I can see, that is going to cause a correction like that one.<< Can you say "tulips"? Once the internet stocks come back to earth, and they will, everyone gets hammered. The question is how bad and how fast. I have heard some analysts predict a 20-30% drop in the market in the next couple of months. Given current valuations, that would seem likely. As a parallel, compare to the Japanese market back in the 80s. They hit a frothy 80 PE for the market which was double their typical PE. When the real estate market went bust, so did the entire economy from which they still have not been able to recover. There real estate market and our internet stocks are one and the same. When our internet stocks go bust, what will be the net effect of our economy? How many people are part of this internet craze? This scares me big time as it should everyone else! Ed

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