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 40.56

+10.2%

Nov 28 9:30 AM EST

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To: Frank Ellis Morris who wrote (20404)	8/1/1998 12:12:00 AM
From: Sonny McWilliams	Read Replies (2) of 27012

Good evening Frank. I was not around to see the debacle of the markets today. But I heard it and now can see it on my stocks. There were a cpl items out today that got to the market. The growth rate seemed to have slowed a bit. Beats me why that should make a diff. I thought that's what the FED wanted. But since I was not able to listen carefully to all that stuff today, I may be misinformed on this. I will still have to check all the news on that. But I did hear about the savings rate. It is supposed to be at 0. I never heard of such stupid record keeping in my life. I have to admit that I did not know that the GVT does not take in consideration what we have in the stock market. Well, I guess I have some news for the GOVT. I have NO savings account. I have a checking account which gives me interest on my balance. I keep it to a minimum and the rest of my savings is and goes into the stock market and stuff. So I guess I am one of those non savers. And here I thought I was doing pretty well when it comes to saving. My sons and daughters all have IRA's and Keogh's, mostly in stocks and as we all know, so do a lot of people now. I can't believe that the GVT calls this no savings when they know very well that even most GOVT employees have regular deductions to stock plans and the like taken right out of their pay checks. And most Unions have pension plans where their members delegate the money to stock funds. This is nuts. People have stock funds where in a lot of cases their accounts are valued in the hundert thousands and the GVT can't be so dense and assume that this is not savings. Even if the market should go down big time at one point, it will still be better than the measly return you can get in a savings account. Not to say that people should not have savings accounts. The trackers of the savings rate know that money is flowing into Mutual Funds and stuff in record numbers and lots of it is from us little guys. Here is an article on that dailynews.yahoo.com Talk is that the market may go up again next week. I think we all would like that a lot better. gg. Other news was really not that bad, actually some was pretty good. I guess a hot long weekend coming up and all that attention on Monica's stained dress and the President having to testify on a live video, directly to the Grand Jury, did the market in. Let's hope that's all it was. Have a nice weekend Sonny

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