Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 36.20

+0.1%

Dec 26 9:30 AM EST

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To: Dulane U. Ponder who wrote (37920)	10/28/1997 8:10:00 AM
From: mauser96	Read Replies (3) of 186894

Nobody will ever be able to be sure whether circuit breakers work or not, because there is no way to do a scientific controlled experiment. They have been useful in futures markets. They probably help when a market collapse is being driven by herd instinct panic, but I suspect more time than an hour or so would be needed. Yesterdays selloff was mainly driven by professionals protecting their 1997 record and was not the panic type. We may see true panic today as the public small investor starts to run , and more margin calls go out.We have already had a correction of 13 % or so, so it is more than halfway to qualifying as a bear market. In the long run, this collapse is healthy for the market, especially because it is coming in a period of low interest rates and a healthy profit picture. Not at all like 1993 or even 1987.

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