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 36.78

+2.7%

Nov 26 3:59 PM EST

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To: musea who wrote (24516)	10/17/1999 2:57:00 AM
From: Sonny McWilliams	Read Replies (2) of 27012

Hello musea. Here is an interesting article on Wallstreet and Greenspan. I am inclined to agree with the whole article. I know this is a switch for me but A.G. is rattling the markets too many times now. Maybe all this SHOULD be replaced by a computer. A computer will be less emotional and less ego driven. The phrase in that article that a bunch of Bankers should not override a free market, seems appropriate to me at this time. I listened to Wall Street Week today and even L.R. made a bit fun of Greenspan. Those guys DO have too much of a cloud now. I can still remember them bailing out this Hedge Fund. Nobody bails us out when we make bad investments. This PPI report was also way overblown. I think I mentioned this in one of my posts to you yesterday. After taking out the tobacco increase(caused by all this litigation and subsequent payments) and the increased car sales( which were supposedly caused by early introduction of this years new cars) and vegetable prices ( caused by all those bad storms) I heard that the core PPI was up only 1/10th of a percent. BIG INFLATION INDEED. Sheesh, what a bunch of baloney. Let's hope that sanity returns to the markets on Monday. Probably unlikely, at least in the morning. But I am willing to be pleasantly surprised. In any event. I will be sticking with my long term positions. Fred Alger of the Alger Funds was on one of the business shows yesterday and is still as bullish as ever. He still looks for the DOW to beat its high by the end of the year. He does not rule out more downturn and more volatility between now and then. dailynews.yahoo.com Sonny

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