Intel Strategy for Achieving Wealth and Off Topic Message Board

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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic

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3:59 PM EST

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To: Frank Ellis Morris who wrote (11079)	10/9/1997 1:31:00 PM
From: Sonny McWilliams	of 27012

Frank, since I wrote yesterday about Greenspan trying to influence the market, I have heard several money managers having the same opinion. Stocks should not really directly influence interest rates. What can happen if our stocks go way up and then come down again? We will have less money again. What has this to do with anything the Fed should be concerned with? This is the problem here. When we are investing and it works we have those people who try to tear things down. You have heard many times from Yaacov that when you invest in Europe you don't pay any taxes on your profit. It is our money we put on the line. It was already taxed at one time. They want people who make more money to donate and support non-working people and then they are making it hard for us. Now Alice Rivlin, the Fed.Vice Chairwomen. was pretty good in her speech a while ago. She mentioned that" we just think out loud sometimes" and there lays the problem. They are highly paid people by us and should refrain from speaking out loud in an official manner on things that move the markets. Their job is to check the interest rates and economy and a good stock market does not need to affect this. A bad stock market should not affect it either. Only a recession or inflation should be on the FEDs agenda. How we invest, should not. We all know the 1929 scenario, but give me a break, it was caused by a 10% margin. If you are afraid of market movements, stop the shorts. Those new DOW index options will be causing plenty of volatility. Stop the gambling, not investing. Calls are fine, shorts should be outlawed. Sorry shorts, just my opinion, and as long as the tools are here I don't blame anyone from using them. BTW, I just now got on SI. Was there a problem elsewhere? Sonny

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