Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 35.53

-1.1%

Nov 14 9:30 AM EST

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To: Tony Viola who wrote (98037)	2/2/2000 11:58:00 AM
From: John F. Dowd	Read Replies (2) of 186894

Tony: I hope you and the rest of the world will realize that the stock market going up not only provides a wealth effect but provides high stock prices which allows companies if necessary to issue new stock and raise capital without the burden of debt thus taking the pressure off debt markets. By this companies can add additional capacity at a lower cost of money and thereby produce more widgets at a cheaper cost. More widgets being chased by a congruently growing dollar supply yields no inflation. Companies can also use their stock to buy other companies who are at lower PE's (less efficient) and hence make the purchased assets more efficient. If the last 10 years is a result of people living too high on the hog I a all for it. Let us not have AG wielding his tools in a Draconian manner to stop a good thing because of the "fear" of inflation. Let the market take care of that for nothing cures high prices like high prices. I say hooray for the wealth effect as it diminshes the government effect. JFD

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