Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 46.96

-2.8%

Jan 16 9:30 AM EST

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To: Road Walker who wrote (171427)	10/2/2002 7:03:36 PM
From: Jim McMannis	Read Replies (3) of 186894

RE:"If you believe Intel's projections, it's not great but the bottom isn't falling out. Other information supports that, a flat market" Predictions? Intel has no economic crystal ball. They can project all they want. I have no faith in them. "As soon as it turns we'll be in a great position" only works if it turns soon enough". I've told you many times, the only two things holding up this economy are real estate and auto sales at 0% interest. This will end and it will be like pulling the pull on the bath tub drain. The reason I see the downturn being long and protracted is that Real Estate is relatively illiquid compared to stocks. When it turns it will take a long time to grind down. Not unlike Japan. Did you know that 40% of home mortgages in Japan are underwater? Yeah, sure, I get criticized for taking the negative stance but look what's happened and what's happening. Jim

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