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In a message dated 9/24/99 7:19:25 AM Pacific Daylight Time, bnm03@xxxxxxx
writes:
> You should
> see all the million dollar homes going up around here. And guess whose
> buying them -- I'm told the majority are MS employees and some Amazon
> people.
Very interesting. I sent this out to my clients last night:
"Another bit of anecdotal evidence is the current real estate
mania taking place in the Silicon Valley area where buyers are biding 20% or
more OVER the asking price for homes. This is being largely feed by new
wealth
accumulated by young tech companies and their stock holders. The last time
I'm aware this type of thing occurred was in 1989 in Hawaii, when Japanese
money inflated that real estate market. Bidding wars for property coincided
with the top in the Nikkei near 38,000. The decline that followed brought it
down to below 13,000."
Not a prediction, just an observation.
BTW anyone know the exact time Ballmer made that statement? We used to joke
it would be interesting to be Sadam's broker. Not to compare the two! You
wonder if Sadam was long Crude before he moved his tanks up and then into
Kuwait. Are there any laws against MSFT employees selling NDX futures?
Bill Wynne
SmartTrades.com
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