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

To: Srini who wrote (28748)	8/26/1999 2:03:00 PM
From: Dan Spillane	Respond to of 74651

With P/Es so high, increasing uncertainty is a recipe for stock market trouble, if you ask me. Bonds may be affected, but at the same time, I can see stocks diverging more and more -- going down as bonds go up. Think about it -- big market index gains of late, it seems people are starting to think about the Y2K effect on the equity markets. The market is up so much over the past few years -- and particularly, 50 percent plus over the last year from the Dow bottom of 7,500. With September and October approaching, people's minds will be on the end of the year. And I'm afraid the uncertainty will build up all the way until the end. Even if the US is stable through Y2K, there is the worry that foreign markets, connections and customers may be seriously disrupted. And according to some reliable sources, there are predictions of a 25 percent chance of a recession. Re: (Article on bond market) Millennium Bug Could Benefit U.S. Home Owners dailynews.yahoo.com