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

To: Captain Jack who wrote (38183)	2/20/2000 10:48:00 AM
From: Frank Ellis Morris	Read Replies (3) \| Respond to of 74651

Remember in '87 it was Uncle Al that caused Black Monday and the crap that followed. He raised by 1/2 twice and BINGO! That, IMO, is the reason he only raises in 1/4 point increments today,, but he must realize he can do the same thing again. If he is already aware of that then he is intentionally attempting to drop the mkt in a big way-- just trying to do it slower,, << Let me make my views on Allen Greenspan perfectly clear. He may have been credited for being the architect of a long time economic expansion but for quite some time now he has been suffering from some sort of brain damage. What right does he have to parade his power and manipulate the free markets? What right does he have to tell us that equities should not grow anymore than 5 to 5% annually? He is saying that stocks should not grow faster than wage increases. Give us a break. This is arrogant, contemptible and criminal. We got to stop this business of intervention and manipulation by people who like to abuse their power. I say stop the media frenzy with Allen Greenspan and repeal any forum which gives the Fed license to cause havoc in the financial markets. Mr Greenspan is a lousy stock picker, his portfolio of bonds is the only thing he is interested in manipulating. The only thing irrational about the stock market is Allen greenspan as he nothing more than a loose cannon. I would caution all to be very careful about using margin as the market can really make us all humble quite fast. Frank

To: Captain Jack who wrote (38183)	2/20/2000 4:13:00 PM
From: tonyt	Read Replies (1) \| Respond to of 74651

>ed-- yes he has just caused the cost of borrowing to rise by 20% and that will >compound. The credit card companies have started raising >rates on previously made balances. What cc companies charge has nothing to do with the rate changes by the Fed. Morgage rates are effected, not credit cards. >Remember in '87 it was Uncle Al that caused Black Monday >and the crap that followed. ...and what about when he lowered rates in the wake of the Asia 'crisis'? I really loved it when he lowered rates in a special meeting on a Friday options epir date!