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

To: Jacob Snyder who wrote (44977)	5/19/2000 11:11:00 PM
From: TTOSBT	Read Replies (1) \| Respond to of 74651

Re: "So, I'm guessing that the market begins rallying in anticipation of an end to rate hikes, which I expect sometime this year. But, certainly, I could be totally wrong, and I am interested in other well-reasoned opinions." There is no inflation pressure. The FED has gone way overboard on this one that is why the market cannot recover. If the FED raises once more they will enter the economy into a recession in the near future. We haven't seen the effects of what the last six hikes are. Once we do it may be too late to save a recession. The FED has always been quick to raise and slow to lower. Greenspan had us all believing he wanted a soft landing and then pull a 1/2% in the face of slowing PPI/CPI not to mention slowing sales. He claims the average Joe earning more money on the job will cause inflation but he is dead wrong. Our current raises will just about cover his 100 and seventy-five bases point hikes. Our wages will never cause inflation and he knows it. The market was the only thing that was giving us a little breathing room. The FED's only purpose seems to keep the average Joe wanting and needing. Greenspan and the FED is our money worries not our pay raises. TTOSBT