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 EDT

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To: Scott Bergquist who wrote (26847)	3/22/2001 8:45:24 AM
From: William Hunt	of 27012

Scott ---The market is a reflection of the economy and how it is performing . Right now it is not performing too well . The Fed resonsibility is to control inflation and provide growth in the economy ( their own target is 3.5 % ) . The market in general over reacts to news but is defintely a better forecasting mechanism than the FED has been in the past . In their lastest minutes they actually acknowledge that the market will have a real effect upon their efforts to revived the economy ( First time ). The money supply issue is what Greenspan is really using to try to get the economy back on track ( interest rates are more of a psychological boost with some real impact to the avearage consumer ). The Fed did not create the bubble in the market ( they help ) but they sure have been slow to respond ( money supply ) to keep the economy from going into recession . BEST WISHES BILL

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