Intel Strategy for Achieving Wealth and Off Topic Message Board

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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic

INTC 39.99

-0.4%

Oct 31 9:30 AM EST

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To: Sonki who wrote (26844)	3/22/2001 2:20:32 AM
From: Sonny McWilliams	Read Replies (2) of 27012

Hello Sonki. Something funny going on here. Nothing like this ever happened before. Some believe the FED messed up pretty bad. Fox 5 interviewed the Gov. of Va tonight and asked why the FED did not lower rates at the end of last year when they already knew that the economy was tanking. The GOV said he didn't know why they didn't lower the rates then and O'Reilley said something like this: You and I don't know and the American people don't know because Greenspan is not speaking. I think you and the President should go over to Greenspan's house tonight and asked him why he and the FED waited so long to lower interest rates. He also commented on Greenspan going to Gore's class at Columbia. If I find that interview, I will put a link on tomorrow. My cable just put on Fox 5 and it's pretty interesting. Lot's of things you can learn there we did not know too well before. This O'Reilley on that channel is something. He puts all his guests through the wringer. But he makes you wonder what's going on. Yeah. We all know how smart those analysts are. Not much smarter than us. They don't know any more right now than we do. The markets rallied yesterday a bit and then the NAS did alright today and both days the markets got killed at the end of the day. The shorts are winning right now but their turn will come on the downside. It always does. Let's hope that the little guys still have some money left in their retirement accounts to take part in the upturn. It will come one of these days. The question is WHEN and nobody seems to have the answer for this right now. A lot of cos. are talking of no visibility. They act like we never had a slowdown or recession before. I am not sure who is worse, those cos. or the analysts or maybe we. gg. We know that this slowdown will go on for a while but in the past when the FED cut rates like this, investors started snapping up beaten down stocks way before the economy recovered. That's how you generally end up ahead of the game. But this looks different. The saying: "Don't fight the FED" doesn't seem to work well this time around. Investors ARE fighting the FED or maybe it's NOT the investors that are doing this. Some force out there is playing havoc with the markets. Never before has the NAS been down like this. I am hanging in there. The futures are up again but who knows where they will be in the morning. Stay in touch and put your 2 cents in any time you can. I am sure you are pretty happy with being mostly in cash and bonds right now. Sonny

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