Intel Strategy for Achieving Wealth and Off Topic Message Board

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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic

INTC 38.33

+3.5%

3:59 PM EST

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To: Yaacov who wrote (26744)	1/2/2001 11:14:23 AM
From: William Hunt	Read Replies (1) of 27012

Talking about shooting yourself in the foot . Greenspan has basically kill the only tool that was providing a counter balance and keeping inflation in check ---productivity . He has no control over oil prices unless he puts us in a deep recession . Now we will have stagflation instead of growth which is real negative for the market and the economy . "[BRIEFING.COM] Major indices are all in red figures as mounting losses in the tech sector are weighing heavily on the broader market... Within the tech sector, few areas are immune from the selling pressure which intensified after a weaker than expected NAPM report contributed to concerns that the Fed is going to be behind the curve with its efforts to stimulate growth... The fact that OPEC is expected to cut back on production soon isn't helping matters either as that impending development is prompting a renewed jump in oil prices (crude +$0.35 at $27.15)... Latter is providing a bid to oil-related issues which are helping to limit blue chip losses along with the drug and retail shares... DJUA -9.36... XOI +13.78... Nasdaq 100 -5.6%... NYSE Adv/Dec 1298/1431... Nasdaq Adv/Dec 1422/2000. BEST WISHES BILL

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