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Technology Stocks : Intel Corporation (INTC)

INTC 40.85

+0.8%

3:49 PM EST

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To: Raymond Thomas who started this subject	3/9/2001 2:19:52 PM
From: fingolfen	Read Replies (1) of 186894

So is there any consensus on what it's going to take to send the economy North again? Clearly Q1 is a bust. It's always seasonally low for semiconductors, and throw a southward bound economy on top of that and the blood has flowed freely for the past two months. On the negative side: The dot.coms are all tits.up at this point, effectively erasing billions of dollars of paper wealth. Energy prices aren't pretty, although gasoline prices are at least down about 20 cents form their peak (locally at least, I haven't seen good national figures). On the positive side: Two rate decreases and the possibility of a third should start making themselves felt in a few more months. Hopefully that will start turning things around, but it may have been too little too late. Is monetary policy enough to turn things around at this point or is it going to require further moves? Does the Bush tax cut have any promise, or will it simply return us to deficit spending which will lead directly to another big crash in a few years??? Thoughts?

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