Advanced Micro Devices - Moderated (AMD) Message Board

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Technology Stocks : Advanced Micro Devices - Moderated (AMD)

AMD 213.50

+6.2%

Dec 19 3:59 PM EST

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To: Jim McMannis who wrote (14958)	10/18/2000 8:44:48 PM
From: fp_scientist	Read Replies (1) of 275872

Jim, Right now Wall Street is paranoid about next year and uncertainty freaks them out. We have had a booming economy with practically no inflation, low unemployment, and huge productivity gains ("new" economy). The gloomy picture now is inflation (thanks to high energy prices) + a huge slowdown (thanks to previous Fed hikes). So what's the Fed supposed to do? Hike rates because of inflation or ease because of the slowdown? They will probably do nothing ... Have they ever managed a successful 'soft-landing'? The "R" word combined with high energy prices is pretty scary. Today's reported CPI is worrisome. They are probably thinking about farther tightening up after the election, IMO. This market may still be far away from its bottom. On the bright side, I am always pessimistic and worry too much! Regards, fp

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