INTC Message Board - Msg: 1984748

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : INTC

INTC 39.19

+2.7%

10:00 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: greenspirit who wrote (645)	8/16/1997 9:47:00 AM
From: Road Walker	of 990

Michael, Just my opinion on the market correction that is taking place: A few weeks ago, everyone in the financial media was saying the economy was "perfect". The market goes up on the expectation that things will improve in the future, it goes down on the expectation that things will get worse. The implication of a "perfect" economic situation is that things can't get better, they can only stay the same or get worse. The current equity valuations are based on strong earnings growth, and historically are very high. When companies like Gillette and Coke, that are almost proxies for the overall economy start warning about earnings growth problems, I think it is time to be concerned. I agree that the cap gains tax cut makes a selling a little less painful, and will cause a deeper correction. Have a nice weekend <g>, John

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next