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 36.61

-3.4%

10:37 AM EST

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To: Sonny McWilliams who wrote (26063)	5/22/2000 12:50:00 PM
From: William Hunt	Read Replies (2) of 27012

Sonny ---The gentleman who is the chief economist from MSDW was just on CNBC and made the comment that the economy is slowing down and he only sees a qtr point hike in JUNE and that is it . Plus he thought we would have a decent Tech rally in JUNE . More important was Kathleen Hayes report that mortages applications were down 50% in the past month and Consumer loan applications were down 22% for the banks in the survey. With manufactured housing sales down 20% for the year maybe we are finally slowing and we can turn this market around . I know one thing their is a ton of cash on the sidelines ---I just do not know when the house will put it to work . I remember a comment a ways back that the retail investor people like you and me made of 30% of the market with institutions the other 70% . Until they come back in the market we are going no where except down . Hope you are right about the rest of the week BEST WISHES BILL

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