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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic
INTC 37.91-1.4%Nov 11 3:59 PM EST
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To: William Hunt who wrote (26072)5/23/2000 4:05:00 PM
From: Sonny McWilliams  Read Replies (2) of 27012
 
Bill. There are other things weighing on the markets today. I am not positive but I think some of the downturn today is supposed to be Fannie Mae and Freddie Mae. They are subsidizing loans and somehow the talk is that investors are just getting a hold of this news? Banks seem to be upset also over this practice. I guess it is cutting into their loans. I had no time today to check anything out thoroughly and I thought the NAZ was doing alright until I just noticed this carnage again. If this Fannie and Freddie stuff is true, I am wondering why the FED is so surprised that consumers are spending more. By subsidizing loans not just well to do consumers, or consumers that think they are doing well gg, but the not so well to do consumers are going into debt. I will try to check this out later this evening. Did you hear anything about this subject?
It's not just QCOM the whole darn NAZ is down and it looks like we are closing at a new year low. That will give the TA guys and the bears some more to squawk about.

Wow. Intel is taking a hit. In passing I saw Niles and Klauer on TV this afternoon but did not catch what he or she were saying. I am sure it was about the Semis.

Sonny
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