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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic
INTC 43.48+8.6%3:59 PM EST

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To: Sonny McWilliams who wrote (24564)10/24/1999 11:51:00 PM
From: Brian Malloy  Read Replies (1) of 27012
 
Hi Sonny,

Nice little article here. We were talking about this a little while ago. Greenspan and others blaming individual investors for the woes of the market/economy. I don't buy it and the stats in the article would seem to bear it out. One must also consider that the median number of trades would be even less than the mean provided.

Americans Bank on Stocks
Nearly 50% of Households Put Faith in Market

By Sandra Sugawara
Washington Post Staff Writer
Friday, October 22, 1999; Page E01

Only 1 of 10 stock market investors conducted more than 12 transactions in 1998. In contrast, 55 percent did not conduct any stock trades last year. And Internet stock trading, although much talked about, is still in its "infancy," according to the study. Only 11 percent of investors executed trades over the Internet last year.

The Scope of Investing

Nearly half of all U.S. households invest in the stock market:

In stock market: 48.2%

Not in stock market: 51.8%

Of those who invest in the market, here is the share who own:

Only stock mutual funds: 47%

Both individual stocks and stock mutual funds: 38%

Only individual stocks: 15%
search.washingtonpost.com

Now the chairman has access to more data than any of us. So when he talks about exuberance and asset bubbles and points an eye towards the individual and one looks at the facts, something is just not adding up.

On CPQ, once again it is at or less than $20/share. When they initially said they were doing the Digital deal I called for them to hit this level. However, I think there is more money to be made elsewhere. CPQ may make a nice trading vehicle, but its glory days are behind it.

Regards,
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