Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 40.34

-2.6%

Dec 8 3:59 PM EST

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To: Road Walker who wrote (166675)	6/20/2002 12:55:21 PM
From: fingolfen	Read Replies (2) of 186894

Not really, GDP growth was ~5% in the 1st quarter. The recession is probably over (if it isn't a double dip), it's just that nobody told the stock market. If you believe the leading indicator / trailing indicator argument, the Stock Market will be the last thing to recover. Overbuilding in technology, communication, and the internet fueled a massive bull market. Once that ended there was a domino effect: 1) a lot of high-tech jobs went away, 2) spending on IT was reduced, and 3) a lot of people suffered huge hits to their stock portfolios, net worth, and liquidity as a result of the subsequent market crash. In essence, the stock market + the technology community led the way down in this recession. Consumer spending has been solid throughout, but business spending dried up. The stock market won't start to recover until business spending returns.

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