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Technology Stocks : Intel Corporation (INTC)
INTC 45.51+10.7%Jan 9 9:30 AM EST

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To: Amy J who wrote (124008)1/2/2001 7:39:56 PM
From: Hightechhooper   of 186894
 
Hi Amy,

The INTC present today served to eliminate my latest margin call, but I can't celebrate because I fear it is only temporary until the FED gets off its arrogant butt and admits it is not the all seeing, all knowing deity it believes it is. They screwed up and their denial only serves to make it worse for everyone.

Every talking head including economists, analysts, bond traders, CEO's, etc., etc have been saying now they (the fed) will have to move 50 BP's by end of January and if they don't do something soon they will impact the psyci of financial markets in such a negative way that it may take many months to recover.

All this talk about the fed moving after fridays payroll report is BS. The fed already knows what that report is going to say. If they are going to move they will do it tomorrow or thursday in order to dilute the impact of the report. I don't have any faith in them anymore...

Sorry about my attitude but one day of no margin call isn't enough to change my own pessimism. Need to survive tomorrow now.

take care,
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