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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic
INTC 37.89-0.1%Nov 12 3:59 PM EST

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To: Sonny McWilliams who wrote (26057)5/22/2000 11:02:00 AM
From: William Hunt  Read Replies (2) of 27012
 
Sonny -Went through the correction in 1987 when the world was coming to an end . Maybe I am getting old but I can not remember as much FUD from the houses and network TV ( especially CNBC ---noticed how mother GE is only down 10 % in this market ---yet it is 40% financial in a rising interest market ) .
This carnage is being cause mostly by the houses --sitting on the sideline and not investing the cash they have coming in ---I would not want to use the word collusion but I cannot believed the values in the tech stocks . I still have some cash and guess I will cost average down on some of my stocks .
One other comment is how the FED is going to control oil prices with interest rates since it is a monopoly unless they are going to put the world in a recession . That will sure be an effective way of controlling inflation . Did you realize we still have troops and aircraft in SAUDI and Kuwaitt ?---I did not ----we are protecting them ---enough!

Will talk to you later after todays debacle is over

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