Intel Strategy for Achieving Wealth and Off Topic Message Board

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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic

INTC 41.41

+2.2%

Dec 5 3:59 PM EST

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To: musea who wrote (24088)	7/22/1999 4:54:00 PM
From: Sonny McWilliams	Read Replies (2) of 27012

Hello musea. Umm. Bad day in the NAZ today were most of my stocks are. On days like these I wished there was NO CNBC. I listened to Greenspeak, with occasional glances at the House proceedings on tax cuts. Latter came out to my liking and now Clinton can show his true face. Don't give back some what tax payers overpaid. Greenspan again said he would rather have the surplus sit around but second choice would be a tax cut. Past history has proven that money available will be spent and who knows if we have a Republican Congress forever that would keep the breaks on. But coming back to CNBC. They flashed all the news onto the screen that could be twisted and taken out of context. I listened to most of the speech and it did not sound to me like Greenspan was hawkish. He just said again that they will watch the economy and would not hesitate to act if inflation reared its head. But he did NOT SEE any inflation at this point. So no reason why anybody would have to question the FED's neutral stand on raising rates. But of course there were immediately analysts who looked at the glass half empty. This guy Hoey from Dreyfuss thought that Greenspan sounded hawkish. Shows you again how people listen to the same thing and come away with diff. opinions, or let's say WANT to come away with diff. opinions. I don't move the market so I think I heard it right. Greenspan was just defending his last rate hike. That's all IMO. I guess we are in the summer doldrums. It was pretty tough to stand still today but I held on. If I can't get some of my taxes back I don't want to give away any more than I HAVE TO. Sonny

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