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

To: limtex who wrote (28055)	8/10/1999 4:30:00 PM
From: Frank Ellis Morris	Read Replies (2) \| Respond to of 74651

I wrote the following discussing the fear of higher interest rates by the Fed a few weeks back and it seems to me that it is the only problem that is banging the markets down. It will take Mr, Greenspan himself saying something to stop the continuous fall. Yes he may be a little ticked off that people trashed his credibility when creating his infamous phrase. "Irrational Exhuberence". Now he may feel that he has gotten a little revenge and may turn the tide after August 24. << From: +Frank Ellis Morris Monday, Jul 26 1999 5:00PM ET Reply # of 29071 John I certainly feel your frustration but we are in some real serious trouble thanks to the threat that the Federal Reserve chairman has made of higher interest rates. The market is not about to turn on a dime but the sell off may intensify to the point where we may witness a debacle comparable to the 1987 crash. I do not see anything stopping it at this point. The internet stocks including AOL may give up all its gain for the past year or more.<< PS I do not think that we will have a crash but a pull back of around 15% or greater. Frank