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 39.99

-0.4%

Oct 31 9:30 AM EST

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To: Sonny McWilliams who wrote (26851)	3/23/2001 2:35:57 AM
From: Scott Bergquist	Read Replies (1) of 27012

Happy? Yeah, pretty happy in my market calls...but that is another story...filed under "even a blind squirrel finds a nut occasionally". :^).. As far as "lowering and raising rates", I will plead "enlightened" to Arthur Laffer's comments about interest rates and the Fed in the WSJ. It changed my way of thinking. And the "market tank" in response to 50 points versus 75 points?? In a matter of hours? Today's melt-up? IMO it shows the Fed rates are not in what makes the market rise and fall, hourly or quarterly. The rapid velocity of information is what is making the markets crazy. It is still apparent, most people are more afraid of missing the UPSIDE than any current fear of going to zero. If you go broke, just work hard, get $5-10k ..or $50k home equity, then "try again, but don't be such an IDIOT!"..<< this is the prevailing view at present. It is pretty much acknowledged that a "run on the market" Nov 1999 to March 2000 was caused by dumping "anti-Y2K" liquidity onto the market..akin to making sure no glowing embers in the bar-b-q, by turning a fire hose on it. The Fed no doubt put the 450 p/e onto JNPR with their money supply antics. But they didn't take it away. The realization that it should NOT be a 450 p/e, took it away. Some stocks went up, then back down very fast. What is unusual is that enough people reassured each other via the Internet, that it took much longer to return to sanity for many good companies.. With even Fed dropping rates in August 2000, this would inevitably happen. All IMHO> cheers!

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