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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic
INTC 35.78+3.7%10:59 AM EST
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To: billwot who wrote (19290)4/28/1998 5:42:00 AM
From: Frank Ellis Morris  Read Replies (1) of 27012
 
Good Morning Billwot,

I think the fed from time to time likes to stir up the troops with interest rate hike fears. This in turns spooks the bond pits and the desired results is achieved by market forces.Stock prices are driven down and this frees the Federal Reserve board from having to do the dirty work itself. Since the outcome is reached the Fed says ok boys lets go home. We did not say irrational exuberance this time but everyone got the message.

Best Regards
Frank
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