Intel Strategy for Achieving Wealth and Off Topic Message Board

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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic

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To: William Hunt who wrote (26813)	2/28/2001 3:17:03 PM
From: Sonny McWilliams	Read Replies (4) of 27012

Bill. Greenspan did not EXACTLY deny that the FED was partly at fault. Were you able to listen to the testimony? When asked if he should partly take the blame, he skirted around the question and came up with all those usual excuses. You know all the talk why they raised the interest rates. I still stay they could have stayed out of the interest rate game last year and things would have slowed down by themselves. JMHO. Maybe not quite as fast but who needs this mess? They were not on the ball when they raised those rates. They misjudged the upcoming, so called, millennium cpt. debacle. I will look into AMCC. I mentioned this in one of my last posts. Analyst recommendations. Yes. I am still looking at EMLX. I have not heard anything negative out of the company. But analysts have been squawking in the last sev. days about storage. Analysts don't have quite the cloud they used to have but they still have some influence and lately they do some damage to my stocks after I buy them. gg. I am really not quite sure what to buy at this time. I had bought Palm and it is taking a beating in the last sev. days along with a lot of other those kinds of stocks. I was hoping for an interest rate cut now. I am quite sure that those kind of cos. are dependent on a rate cut. Businesses and people ARE slowing down on their purchases unless absolutely necessary. I did get one thing out of Greenspan's testimony this morning. Business managers, when asked, did say that they would purchase technology in the future to enhance productivity. . Businesses supposedly have less than 50% of the technology they need for this task. . So, I guess, they will be buying technology down the road, when things look up in the economy. TECHS and TELECOMS should be beneficiaries of that trend. But how will we have a better economy faster when Greenspan and company are so slow to remedy what they partly caused? Now Greenspan is not even sure if the 6 to 9 mos. rule applies of how long it takes to integrate an interest rate change. At least that's what I got out of this scrambled talk. Right now I will have to look into this Seattle earthquake. My daughter works in Seattle and lives with her family between Seattle and Tacoma. There is some damage in Pioneer Square in Seattle but there was also some damage from the Mardi Gras celebration. So, what damage is it? Well, so much about my talk of an earthquake in Seattle. Talk to you later again. Uh. Almost forgot. W.Angel and some others are very disappointed that the FED did not cut the rates. He was a former FED GOV and if he thinks we need an interest cut right now, I am with him. I think he is a little more in touch with business than Greenspan. Greenspan worries more about his buddies in the banking industry and the heck with wealth building stock markets.. We ARE already in a recession in some areas. Manufacturing is not doing exactly great at this time. And just because people still buy some autos and some homes, give me a break. He was so worried about consumer confidence and now he thinks that confidence is better than consumers let on. Oh brother. Sonny

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