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Technology Stocks : Intel Corporation (INTC)
INTC 37.28-0.6%Dec 16 3:59 PM EST

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To: Road Walker who wrote (123593)12/22/2000 1:05:31 AM
From: Amy J  Read Replies (2) of 186894
 
RE: "This is a really hard time in the markets, the hardest I've seen in my life. "

Do you really think so? I recall my financial instructor had said the 70's yielded a net decrease of 40% over ten years, when factoring in inflation.

We're simply experiencing a PE pullback after Nasdaq jumped 86% last year.

I think a short-term pullback for a period of one year cannot even compete with the out-of-control 70's inflationary period and the 70's 10-year pullback that resulted in the erosion of money for a solid, long ten years.

John, I think this is going to be a short-term pullback. Nothing fundamental is wrong, other than a PE pullback and a normal cycle.

Best regards,
Amy J
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