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Technology Stocks : Intel Corporation (INTC)
INTC 48.80+5.0%3:59 PM EST
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To: Frank Ellis Morris who wrote (99483)2/18/2000 5:22:00 PM
From: Road Walker   of 186894
 
Frank,

I agree with your post. Mr. Greenspan, in his testimony, essentially said that individual wealth was the enemy, and the stock market, coupled with increased productivity and the resultant high expectations, were the cause. He wants to decrease spending by making people less wealthy. And he is going to raise interest rates, increment by increment, until the market comes down.

I had been a strong supporter of Mr. Greenspan, not any more. And you are right, these are new positions since he was re-appointed for a new term.

John
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