Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 35.10

+2.3%

Nov 19 3:59 PM EST

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To: kapkan4u who wrote (128926)	3/3/2001 1:48:05 AM
From: Jim McMannis	Read Replies (1) of 186894

RE:"He should have slammed on the breaks very hard when the Dow was at 6400" Well, historically he did slam on the brakes pretty good starting in June 1999 but he remembers well the hikes that preceded the '87 crash and reacted more softly. The DOW reacted about right. Sideways for a couple years. The Nasdaq with all it's tech just kept right on rolling as the y2k upgrades made everything look rosy. So he kept slamming on the brakes but despite that, the NASDAQ just ran off the cliff as the y2K effect ran out of steam. All easy to see in the rear view mirror. As long as the DOW holds up the NASDAQ seems to be bumping into it's baseline. What we have to look forward to is the reverberation of this wiping out of wealth to permeate the economy.

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