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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 12:47:10 PM
From: Sonny McWilliams  Read Replies (1) of 27012
 
Re: It is NOT the FED's job to make you money in the stock market.

Right. But it is also NOT the FED's job to take your money out of the stock market.
The FED raised the rates way too high with no inflation in sight. The FED had NO trouble raising rates in rapid succession once the market went up higher than the FED liked. So the FED should not be timid of giving back faster what the FED took in the first place. It was not our fault that the FED misjudged the 2000 problem and flooded the market with easy money. Once business used the money for expansion it was not prudent to cut off the money supply that fast.
I don't consider telecoms and techs e-toy. And yes, some of the newer businesses suffered from FED woes. Greenspan called the internet the reason for good productivity and then he cut their life line. Easier money to expand.

I know reasonable people can differ on what is happening here but one thing I am pretty sure of: Greenspan and co. should have lowered rates already last year. I don't think you can call manufacturing e-toy but that's what has gone down the drain the fastest. Would you call manufacturing in a recession? So much for your Chevron. Again, I don't believe that the FED has to make us money in the stock market but he should not have targeted it in the first place. The FED is a little behind the ball right now. But, let's leave it at: This is jmo and maybe a cpl of other ignorant people. Happy? <G>
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