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Technology Stocks : Intel Corporation (INTC)
INTC 35.94-5.1%3:59 PM EST
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To: William Hunt who wrote (123577)12/21/2000 5:25:21 PM
From: Tony Viola  Read Replies (1) of 186894
 
Bill, I guess Greenspan doesn't want inflation to erode people's 401Ks or other retirement money. I'll go along with that. Problem is most folks' retirement money is probably in the market, so he succeeded in wiping it out quicker that way. OK, you don't need to have any of it in tech, but we've all learned that is where the growth is, so it's kind of hard to not go there.

I agree that he overdid it. Like I said before, he obviously prefers to err on the side of going too far to make sure he kills any possibility of inflation dead dead, rather than taking some risk by letting the economy run and going with less than 6 cuts (two @ 50 BPs). Just another thought, if the Japanese economy were not so fouled up, this would have been a good opportunity for them to make a big comeback in R&D. Guess we kind of lucked out there.

Merry Christmas to you too,

Tony
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