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

To: Valley Girl who wrote (52905)	11/8/2000 6:43:58 PM
From: Tony Viola	Read Replies (1) \| Respond to of 74651

VG, good post. What are the storm clouds on the horizon, as you see them? Tony

To: Valley Girl who wrote (52905)	11/8/2000 6:49:00 PM
From: Harvey Allen	Respond to of 74651

(OT) VG- You mean "Landslide" George? Here is an item I posted on the GEORGE BUSH thread. To: My Successor From: Bill Clinton Date: Nov. 8, 2000 Congratulations on your victory. My bequest to you is the best economy that any of us has ever known, a testament either to the righteousness of my policies or my exquisitely fortuitous timing. (We'll let history sort that one out.) In any case, here's your first top-secret briefing as president-elect: The good times probably won't last. nytimes.com Do you think that tech stocks down drug stocks up is more revealing.

To: Valley Girl who wrote (52905)	11/8/2000 7:10:07 PM
From: Dave	Read Replies (1) \| Respond to of 74651

"It's more likely the Nasdaq is down on uncertainty." Maybe, but I think the NASDAQ is just moving downward because it is grossly overvalued. Just look at the big-cap NASDAQ stocks like CSCO and AOL and you can see that there is plenty of downside left in this index. And it's not just that it's currently overvalued. We are still moving down from an absurd high of 5000. Remember that excessive overvaluations are always followed by excessive undervaluations, and you won't be surprised when NASDAQ dips to 1500 before year end. Of course there will be wild upspikes during the decline. The smart money will be selling on those spikes. Dave