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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic
INTC 37.66-0.7%9:56 AM EST

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To: William Hunt who wrote (26112)5/25/2000 6:32:00 PM
From: Sonny McWilliams   of 27012
 
Bill. Yes. You are absolutely right. It could not have happened to a better house. gg. And then Abby sits next to the FED chairman and feels her oats.

I really don't know what is going on with these houses though. Well, maybe I do. Here the NAZ finally goes up 2 days in a row after 4 brutal days and this MER analyst comes out in the afternoon and squawks about GS. Another house follows suit and the DOW really tanks and the NAZ follows suit. Not to the same extend, since they had been up over 70 at the time. Now give me a break. Why did this analyst have to come out with a statement like this on a day like this? He lowered his estimates, I think his is the lowest on the street now for GS. I guess he just fig. out that brokerages may not have the same business in this quarter after they managed to drive the markets down. I believe he lowered his estimate by something like 47 cents, but don't quote me on that.

Anyhow. What on earth does a lower earnings expectation for GS have to do with the rest of the market? Most stocks, that were in the green, ended up in the red after this news came out. Those analysts have made sure that investors are so jittery that any inkling of something being wrong, will do damage to the markets. And day traders of course have a lot to do with it also. But some investors, of course, take any little bad news and go for so called save havens. Bonds, money markets, supposedly safe stocks.

Those analysts have this stuff down pat. Let's see how MER does with their earnings. That reminds me. Maybe a little animosity with GS by MER about this European credit line deal for, I believe, an internet company?

Hopefully we will not have a very bad day tomorrow considering that there is this long weekend.

Yes. A lot of money went to the Clinton campaign by Lawyers. You have to show your appreciation somehow.

Yes. Rick Lazzio could be a savior. I am with you. Good grief. A possible 6 years in the Senate. How could we survive THAT? Could spell more aggravation than the stock market in the last cpl of months.

Sonny
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