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Technology Stocks : Intel Corporation (INTC)
INTC 40.360.0%10:50 AM EST
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To: Hightechhooper who wrote (121132)12/7/2000 4:17:53 PM
From: michael97123   of 186894
 
"I am just hoping we don't go down any further in 2000 and then pray for fed action in January which could fuel the
next upmove. I will go back to "dont fight the fed" as the premise for my optimism."

1. Legendary Bill Seidman said he thought there was a chance the fed would move in december.
2. Dont fight the fed has become my mantra, but remember nasdaq went from 3000-5000 when rates first started up. So there can be a delay. But back then the exuberance turned out to be so irrational. With plenty of money on the sidelines a rate decline after a Bush victory should set the direction of the market into the 3200 range.
3. Tax cut also needed and it doesnt have to be a big supply sider like bush or a behave-my-way and get money from gore. It should be the targeted demand side part of Bush- end of marriage penalty etc., raise threshold of income before one is taxed at all then to be followed by rate cuts later on. Lets say 5% instead of 10% to start in order to maintain fiscal responsibility.
4. The surplus should not be the holy grail if we want to stay recession proof. Someone has to explain this one to the american public who have bought into this theory. Surplus was good policy during prosperity but it should not become a religion. We should concentrate on growing ourselves out of debt by reducing the percentage of debt vs GNP.
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