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

To: johnd who wrote (29275)	9/8/1999 4:39:00 PM
From: johnd	Read Replies (2) \| Respond to of 74651

When Ingram, Staples, Office depot, tech data are all showing weakness, should I interpret this as a leading indicator of slower sales in computer, office hardware and software. Please advice and express your opinions.

To: johnd who wrote (29275)	9/8/1999 4:42:00 PM
From: John F. Dowd	Read Replies (2) \| Respond to of 74651

johnd:. "Lot of gen Xers are buying internet stocks on borrowed money from margin and even credit cards." I don't think so and the amount of stock they can buy with credit card $ is not going to effect the market. The nervousness in the market is healthy as they say a strong market climbs a wall of worry. Onward and upward with Billy the Geek JFD

To: johnd who wrote (29275)	9/8/1999 5:19:00 PM
From: Teflon	Read Replies (3) \| Respond to of 74651

jd, to many people the stock market is their savings account. So if many of us are borrowing money and using our credit cards, all without maintaining a "savings account" at the local bank, how much should we really be concerned if these same individuals also have $500k in the Stock Market? Let's skip the Market Crash argument for a second, and assume that most genxers are a small part of the equation. To me, this paradigm highlights the antiquated methods used by today's FED in evaluating the Market and the Economy. For the most part, more adults today are working with substantial wealth both created, maintained and grown within the US Equity Markets without the annoyance of maintaining a 3.5% savings account at my local rip off artist - the Bank. I think the chicken littles of the world miss a big part of the financial equation of today's US Economy when they scream and moan about "borrowing too much and spending." I think its time the Fed and many Economists rethink this entire model. I'll give you a simple example: Paul Allen. Does the fact that he borrowed $billion on margin using his MSFT stock as collateral mean that he's pursuing a risky strategy, or does it capture the essence of today's economy which is money kept in the stock market is smart money over the long term, and there is no need for cash sitting in a traditional savings account under such a scenario... Teflon