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Technology Stocks : Intel Corporation (INTC)
INTC 48.85+0.3%3:21 PM EST
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To: Road Walker who wrote (129857)3/13/2001 6:02:00 PM
From: Scumbria  Read Replies (1) of 186894
 
John,

When you look back to the 12 month period between mid-1999 and mid-2000, the economy was growing faster than it could sustain. As an example, PC sales were growing at a 30%+ clip, far above their average yoy growth rate of about 17%. Same thing was true for the rest of technology, sales were growing way above their historic rate.

Why should the Fed interfere?

Scumbria
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