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Technology Stocks : How high will Microsoft fly?
MSFT 493.80-2.7%Nov 18 3:59 PM EST

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To: nommedeguerre who wrote (14381)1/16/1999 1:44:00 AM
From: ed  Read Replies (1) of 74651
 
The stock market is pure psychological . Just look at the Brazil stock market, two days ago every one wanted to dump, it seemed the end of the world is coming, today, the market index up 30% in one day, more than 1600 points. What is changed ? Nothing, but the sentiment of the investors was changed. If you try to judge the value based on the traditional PE....etc, it won't work at all in this market.
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