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 37.83

-4.2%

Dec 12 3:59 PM EST

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To: William Hunt who wrote (25592)	3/7/2000 11:14:00 AM
From: Sonny McWilliams	Read Replies (1) of 27012

Bill. I just have 1 minute. I am watching C-Span. At this time they have Dem.Sen.Dorgan from North Dakota on in a Senate Hearing. Mr. Greenspan is being put through the wringer. This Senator wants to know why Greenspan is looking for Waldo. He said: Where is Waldo, where is inflation Mr. Greenspan. He is showing a chart with all the FEDS faces on. He said that those faces are deciding that American people and farmers should pay more taxes in the form of rising interest rates, just because the FED thinks so. He said: If you look at those pictures of those FEDS, they are looking all alike. Grey suits and they come from the same area. I guess he means banking. Anyhow, this Senator is disturbed that those FEDS meet behind closed doors and they alone decide that Americans should pay higher taxes. Those rate rises costs his farmers 1500 more a year and non farmers 700. (He is furious and I don't blame him. I do think its time to open the FED). Mr. Dorgan says that Greenspan has been chasing inflation now forever and has not found it. He does not take the data of good productivity in count. All he worries about is that Americans now have jobs. Anyhow, Greenspan is getting some heat. This Senator at least is worried that the FED is determined to ruin the economy and is hurting people on the low end of the income spectrum. And he is def. right. I am sure other Senators will fall in line on this. I will be watching it a bit further. This Senator is holding up this mornings newspapers that marvel over how productivity is rising and how people have jobs without inflation. And he wants to know if Greenspan is looking at this data and why he acts the way he does. He kind of insinuated that the FED acts like a little dictatorship. Interesting. P&G is doing big damage to the DOW. The NAZ was over 5000 this morning, up over 100, but is now in negative territory. My VRSN is buying NSOL and is taking my VRSN down. So I am not in a good mood on that score to begin with. Last time I looked it was down over 36 and NSOL was up over 65. I, of course, don't own NSOL. Never a dull moment in this market. The DOW and NAZ seem to be recovering a bit. DOW down 216, NAZ up 53. My Vrsn down 39. Oh well, at least some of my other stocks are up. Back to watching C-Span. P&G. I don't know. I have not been lucky in catching falling knives lately. My WMT comes to mind. I finally was almost back in the black yesterday and then, bang. My Msft, I bought the other day, did well this morning. GS seems to think that a settlement may be reached within 2 weeks. That alone would move the stock up at least 10 points at that time they said. Sonny

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