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

To: Bryan Woodruff who wrote (14581)	1/19/1999 11:51:00 AM
From: 16yearcycle	Read Replies (2) \| Respond to of 74651

"Maybe we need to reflect on what brought down the Japanese market." Wild speculation in the stock market, using equity created through a real estate bubble of huge proportions. Our market would have to go to pe's of 70 on the dow to be as speculative. However, 2 wrongs don't make a right. The tech sector is manic now as if all the rules have changed. There is a huge divergence with the dow since 10/8/98. There has to be a regression to the mean to allow for a healthier market. Certainly not today, though.