Intel Strategy for Achieving Wealth and Off Topic Message Board

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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic

INTC 36.15

-0.6%

Dec 24 12:59 PM EST

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To: Sonny McWilliams who wrote (12354)	10/28/1997 5:19:00 AM
From: Frank Ellis Morris	Read Replies (3) of 27012

Sonny, There are so many mutual funds around now and the bad thing about them is we give up our control and allow those managers to have a field day with those commission generated by the buying and selling of stocks. The little guy has not got a chance as they and the media just feed on each other. The situation in Asia again last night may furthur crush the markets around the world as I think it will have to be the US markets that will need to take the stand to stop the vicious selling frenzy. The implementation of trading curbs only helps the brokers and the financial exchanges but throws the little guy to the wolves and this is causing a furthur fear which could translate again into another debacle when the market opens this morning. I saw the carnage coming as evidence by the way the market closed on Friday but given the fear of uncertainty and unpredictability of earnings going out for the multinationals and tech companies, this could at this point drop our markets in a percentage decline comparable to that of the 1987 phenomenon. I certainly hope that this will not be the case here. The only saving grace or rational to explain all of this is that there is no vehicle of growth over the long term that will provide income for future retirees comparable to the equities market and therefore it is a must that the average citizen be invested. Best Wishes and God willing this nightmare will soon end Frank

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