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Technology Stocks : Intel Corporation (INTC)
INTC 43.48+8.6%3:59 PM EST
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To: tcmay who wrote (143457)9/15/2001 3:00:53 PM
From: Dan3   of 186894
 
Re: Better approach for individuals: get money out of the stock market

There won't be many buyers Monday. I expect individual investors will get a very bad price in early trading. It would probably be better to wait and see.

Sellers, and especially short sellers, also face the risk of an unprecedented rate cut by the Fed. Greenspan will put through a 1 percent or greater rate cut if he see's the need. An effort may also be made to ensure that actual rate paid by borrowers stay low. If Fannie Mae is directed to start buying mortgages at 6% or even less, an incredible amount of liquidity would be pumped into the general economy as another wave of refinancing and new home buying was started. Housing prices would jump even higher, which would go far in improving consumer confidence.
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