Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 37.88

-0.1%

1:36 PM EST

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To: Jim McMannis who wrote (123499)	12/20/2000 5:33:15 PM
From: William Hunt	Read Replies (3) of 186894

Jim ---Would not want to be at the brokers desk when the statement for the fourth qtr arrived and the mutual funds manager have to defend how they handle their customers money this year . I heard Maria say the other day on CNBC their will be at least a 1,000 people on Wall Street received a million dollar bonus this year . What a system ! Margin calling , Tax loss selling , slowing economy ---what ever the reason the houses will use the next six days to drive the market as far south as they can . The problem in the economy and the market has gone past reality and now is strictly based on emotions . The more earnings warnings that we have over the next three weeks will be use to drive the market as low as the houses can get it . Will make a twenty per cent gain look good next year to their customers . The only person that can change this emotion is Greenspan whether it is an interest rate cut or just jawboning that he does not see a recession in the near future ( which I am not so sure he can say that anymore ) . I really do not want Bush to get a tax cut next year ---would rather have them pay down the national debt ---it helps everyone by doing this . BEST WISHES BILL

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