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Technology Stocks : Intel Corporation (INTC)
INTC 34.27-1.3%12:08 PM EST
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To: Frank Ellis Morris who wrote (99299)2/16/2000 7:29:00 PM
From: Tony Viola  Read Replies (1) of 186894
 
Frank, I couldn't disagree more. Greenspan is just doing his job watching out for inflationary signs and raising rates when necessary. Don't you remember the double digit inflation rates of the 70's, and the crummy stock market for 20 years? That's what he's trying to prevent. The stock market has had the biggest bull run ever with Greenspan in office. If you want to see a huge drop, wait until he leaves. I think he is the most attentive to his job, and the most intelligent person serving us today, bar none. Finally, Greenspan always recognizes in his talks that productivity gains due to technology are what are responsible for prevention of tight labor markets wage inflation, his biggest fear. I noticed you have quite a few tech stocks in your portfolio. He might just have something to do with the overwhelming respect for technology that there is today, and your stock prices too. I know, the medicine may not taste very good when he has to raise rates, but the alternative could be death of the bull market as we know it.

I've written my feelings about Greenspan in here before, and don't want to get into it any further on the Intel thread. There must be another place.

Tony
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