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Technology Stocks : Intel Corporation (INTC)
INTC 36.34-0.1%Dec 23 3:59 PM EST
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To: L. Adam Latham who wrote (168594)7/23/2002 12:01:02 AM
From: kapkan4u   of 186894
 
<I personally think the markets are reacting to the over-reaction of Congress, and Bush could end the downturn by vetoing this legislation.>

The left is using the corporate scandals to launch an attack on capitalism, which doesn't help the stocks. But the main reason for the recent tumble is that the stocks are anticipating a crash in consumer spending and a double-dip recession. Look at consumer debt stocks like MBNA and Capital One. The consumer (and corporate) debt loads are off the charts.

Kap
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