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

To: John F. Dowd who wrote (23534)6/2/1999 2:45:00 PM
From: Punko  Read Replies (1) | Respond to of 74651
 
Hmm...might perhaps the steep surge since 1/99, historically high PE's, historically low dividend yields, and narrow market breadth also have something to do with the current drop? What about the speculative frenzy among ordinary people (I love the CNBC commercial showing the housewife making a winning trade while tending to her whining kid!). IMO there's plenty of short-term risk left to the downside....BWDIK.



To: John F. Dowd who wrote (23534)6/2/1999 6:04:00 PM
From: Sir Francis Drake  Read Replies (1) | Respond to of 74651
 
John - a rate hike may have been factored in, though I don't believe 2 1/4 points. In any case, the market will still sell off regardless, just before the meeting; it's just too good an excuse to take some $ off the table.

Morgan


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