Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 43.75

+0.6%

Dec 3 3:59 PM EST

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To: John F. Dowd who wrote (167270)	7/2/2002 12:29:43 PM
From: The Duke of URL©	Read Replies (2) of 186894

I have been investing since the late 70's and I have never seen anything like this - we are in uncharted waters. This will be the 3rd calendar year of decreasing stock prices - hasn't happened since WWII. What makes this all the more unusual is that we have a nicely recovering economy with low rates and no inflation. Main Street for the first time ever is ahead of Wall Street unless WS is sensing big time deflation in which the value of all assets heads downward with respect to cash. This is not a good condition John: The only difference is the repeal of the Glass Stegal Act. When banks are allowed to be in the real estate busines and the stock business they RIP the cash out of other's businesses from bad to good without thought, and put it in their own controlled deals. From Enron to Intel, they stop the money flow (creating a credit crunch) and stick it (in this case) single family dwellings. All that cash channeled into non-productive activity at first creates inflation, and when the daisey chain runs out of gas, deflation.

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