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Technology Stocks : Intel Corporation (INTC)
INTC 41.41+2.2%Dec 5 3:59 PM EST
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To: Amy J who wrote (123857)12/30/2000 9:51:05 AM
From: michael97123  Read Replies (1) of 186894
 
I cringe when I look at what was wiped out. It has all gone to money heaven.

Start the new year fresh. Dont look back. What happened last year was not preordained, regardless of what the bears tell you. We had a combination of bubble and an overreaction to it by the Fed. A balloon can be popped with a pin or deflate thru leakage over time. Greenspan could have sped up the leakage a bit without popping the bubble but he missed. And he will miss on the upside too as lower rates create a new snowball. This is why economics is an art not a science. So all the gurus who now say the best nasdaq can do next year is up 10% will again be fooled when nasdaq gets to 4000 this year. Just look at the ranges over the last two years between highs and lows. Even if you use these as guides to lighten up you will do well.
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