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

To: Teflon who wrote (27180)	7/23/1999 7:43:00 AM
From: Bill Holtzman	Read Replies (2) \| Respond to of 74651

Did you figure on AG cracking the whip? What happened to "neutral bias"? I love the guy but wonder if he's getting too addicted to celebrity...

To: Teflon who wrote (27180)	7/24/1999 12:17:00 AM
From: ed	Read Replies (1) \| Respond to of 74651

Well , sometimes I feel very funny to see those government officials talking about the stock market in public , just like the stock analysts talking about stocks on CNBC. I wonder , is AG a stock market commentator or a federal official. His job responsibility should be to maintain a healthy financial , banking system so that the economy can operate in a healthy way, as to the stock market, why doesn't he just let the market make the decision , let the free market work by itself. How high is high about the stock market ? it is all about the earning, the growth , the product of the company. Why AG said the stocks are too high while we see companies after companies report record earning recently ? Why a prosperous stock market , which reflect the growth , earning of companies is bad for the economy ? I do not understand . Is the purpose of economic development is to benefit thousands and thousands of people who are now the investors ? and the stock market is the best channel to redistribute the wealth , and why AG want to talk the market down ? As stock market prosper, people have money, they will buy cars, houses, travel more , which will encourage consumption and benefit the economy. As to fighting inflation, we should increase supply, instead of cutting demand , which will hurt the working people whose income is depending on salary income. Cutting demand means reduce production , which also means job cutting. Again, I am pro infinit consumption , infinit supply by economic expansion, and reinvestment. I do not think it is the government officials business to talk the stock market , either up or down in public, why not just let the free market work by itself.