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

To: Frank Ellis Morris who wrote (45125)	5/23/2000 4:28:00 PM
From: Joseph Ziebarth	Read Replies (1) \| Respond to of 74651

Frank ... Please don't post the same message to several threads. Try to keep on the topic. Thanks.

To: Frank Ellis Morris who wrote (45125)	5/23/2000 5:00:00 PM
From: werefrog	Read Replies (1) \| Respond to of 74651

Greenspan is best thing for country At a Senate Judiciary Committee hearing yesterday, Greenspan said antitrust officials should not interfere with monopolists that keep their prices low, adding that the government should exercise a "higher degree of humility" before taking action. news.cnet.com. You call these rising interest rates? 1979-80 the prime was over 20%. These increases don't even qualify as rising yet. Whatever the fed does, it's up to the investor to adjust. JH

To: Frank Ellis Morris who wrote (45125)	5/23/2000 5:29:00 PM
From: sandeep	Respond to of 74651

I disagree with your thought process. The markets needed to be brought down and even though I have lost HUGE amounts in the meltdown (silly me - I didn't listen or protect myself), I agree with Greenspan. The market participants were paying amounts which were unsustainable going long term. Look at the housing prices. They had been going up just because the stock market was going up. Some stock prices were going up just because they had gone up in the last few weeks. Just don't tell me that companies which are not making money nor will make money for another 3 years are worth $20 Billion. It is very hard to fill up open job positions in most companies. Inflation was around the corner and Greenspan acted. He will not let the market fall too much. He has another weapon - liquidity. He will use to manage another miracle. Meanwhile, stop fretting and fuming because you can't buy that multi-million dollar house...