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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: limtex who wrote (24987)	6/25/1999 7:40:00 PM
From: t2	Read Replies (1) \| Respond to of 74651

limtex, I will give the Fed a lot of credit---they have gotten wiser since their last round of rate hikes. The low inflation has them thinking that maybe we are in a new economy--they won't risk it. Much of the doom and gloom scenarios are painted by so called market experts. It is that simple. These guys are talking the market down not Greenspan. Just before the announcement on interest (2:15 PM on Wednesday), i am willing to bet the market will start going up in a big way. You presented a good analysis. I accept most of your conclusions. The only thing i don't is that the fed wants to knock this market down. They won't take such a big chance without some serious numbers to back it up. At this point those numbers are not there. Holding MSFT is going to be a lot of fun in the next couple of weeks.

To: limtex who wrote (24987)	6/25/1999 8:06:00 PM
From: John F. Dowd	Respond to of 74651

Great Post Limtex: You are exactly right. But the Fed knee jerked and almost promised a rate hike and now they will feel they have failed to manage the economy if they don't raise the rates. In fact they will be embarrassed if they don't and for that reason alone they will raise rates unnecessarily The only inflation we have around is the cost of money and that is mostly the fault of this "genius" Greespam. This is typical of how are government has been given the reins over every facet of our lives and the constituency just sits around and believes their Bull. The only monopoly in this country is the government and the guy with the wire to your house. JFD

To: limtex who wrote (24987)	6/27/1999 12:05:00 PM
From: Bill Fischofer	Read Replies (2) \| Respond to of 74651

Re: Rate increase My view is that Greenspan knows full well that inflation is contained, but there are wider considerations in play involving Y2K. Greenspan wants rates higher now for two reasons: First, to dampen speculative market enthusiasm (avoiding a Japan-like stock market bubble) and second, to give the Fed a bit more maneuvering room to be able to lower rates this fall should Y2K fears threaten the financial system with another credit crunch. On the flipside, however, I've recently begun to realize that in addition to the widely-expected 4Q99 selloff on Y2K fears there is also the real possibility that we will see a strong 4Q99 rally in US markets. The rationale is that of all the world economies the US is unquestionably the best-prepared for Y2K and any residual glitches that may ensue. To put it bluntly, if you are a global investor where else would you want to park your money during a possibly iffy transition? Don't be surprised to see a rush of non-US money flooding into US markets in 4Q99 for this reason.