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Technology Stocks : Intel Corporation (INTC)

INTC 50.57

+4.8%

3:59 PM EST

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To: Sonny McWilliams who wrote (34573)	10/9/1997 7:42:00 PM
From: Joe NYC	of 186894

Sonny, I still think a FED should not influence the markets. Keep it up and we will have a crash. I guess you agree that having crashes is not a good idea. If everything else stayed the same, when do you think the likelihood of crash is greater: when the P/Es are high or low? I think the answer is obvious: when P/Es are high. Greenspan probably thinks that P/E ratios are high now. So to reduce the probability of crash, either prices have to come down, or stay constant and wait for earnings to catch up. Joe

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