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

To: Teflon who wrote (29596)	9/16/1999 10:36:00 AM
From: Jill	Read Replies (1) \| Respond to of 74651

Are you going to buy Sept 95s as Tech was suggesting?

To: Teflon who wrote (29596)	9/16/1999 12:30:00 PM
From: John F. Dowd	Read Replies (1) \| Respond to of 74651

Teflon: This seems to be more of the same enigmatic selling that took place yesterday. Again it is done in the face of ood economic news. Industrial output up .3-.4% shows that the latest employees hired are helping to crank out very respectable output numbers thereby flatlining the Philips Curve. I don't know why they associate greater production and consumption with inflation. Seems to me we have more people working and producing even more widgets indicating that the marginal laborer is pretty efficient. Inflation occurs when too few goods are being chased by too much money and I think these recent numbers show that they are in balance and that inflation is emperically at a 12 month low. What is causing the market to act so poorly here? Very mysterious from my perspective. The reasons being given by the pundits for these selloffs don't make sense especially the old rate fear one. The next rate hike is in the market for about a month now. I don't get it. Every time you think we ahve hit a near term irrational bottom they come up with another buying opportunity. MSFT below or around 90 is a good buy and better if done through VSIO. JFD