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Technology Stocks : Intel Corporation (INTC)
INTC 33.62-4.2%Nov 20 3:59 PM EST

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To: Road Walker who wrote (103186)5/8/2000 4:48:00 PM
From: Jim McMannis  Read Replies (1) of 186894
 
John,

I honestly hadn't read your note. Barrons has been sour grapes on this Bull market for years. So the idea they timed a "pile on" article is pretty much a given as is the vulnerability of this market...which some may say is now a bear...
I'll venture a guess that the market will start heading up after or right before the last perceived rate hike.
A 1/2 % hike on the 16th might be the trick although I'm in the 1/4% hike camp right now...After that, maybe 2 or more 1/4 point hikes...before AG says that's enough.
In '94, the first thrust down after rate hikes got the attention of the market, was the worst. So maybe the worst is behind us and we sawtooth until the "go" signal is given.
Maybe we don't go under 3200.

Jim
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