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

To: ed who wrote (14382)	1/16/1999 7:05:00 PM
From: nommedeguerre	Read Replies (2) \| Respond to of 74651

ed, >>The stock market is pure psychological . Just look at the Brazil stock market, two days ago every one wanted to dump, it seemed the end of the world is coming, today, the market index up 30% in one day, more than 1600 points. What is changed ? Nothing, but the sentiment of the investors was changed. If you try to judge the value based on the traditional PE....etc, it won't work at all in this market. This is true that today's market is run by emotions. As long as the Feds keep the spigot open for cheap money, things will keep moving up. Unfortunately, outpacing the real economy can only go on so long. Brazil is important because it means that South America is not doing that great (Chile, Venezuela are hurting too). The facts are: Asia is in trouble, Russia is in trouble, Europe is slowing down, Mexico has problems, now South America is in trouble. Africa is Africa. Where is all the growth for corporate America going to come from in the near future? The American consumer is already indebted worse than ever. This will be an interesting year! Cheers, Norm