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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic
INTC 39.99-0.4%Oct 31 9:30 AM EDT
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To: Sonny McWilliams who wrote (26845)3/22/2001 2:59:37 AM
From: Scott Bergquist  Read Replies (2) of 27012
 
Go read the WSJ Arthur Laffer on interest rates for March 22. Banks barely borrow from the Fed. The Market was going to sell off regardless of the Fed move. And 50-point change was all Greespan could do. With 75-points, the banks could borrow below 3-month T-bill rate, and use the money to buy T-bills and profit on the differential.

The money supply is what caused the market to zoom in 2000. Marketwise, we aren't too much below mid-1999, and everyone acts like it's 1932. If you had Chevron stock instead of eToys, you would not be any poorer than 1999. It is NOT the Fed's job to make you money in the stock market!
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