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Technology Stocks : Intel Corporation (INTC)

INTC 34.50

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3:59 PM EST

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To: Burt Masnick who wrote (66059)	10/8/1998 2:14:00 PM
From: Paul Engel	Read Replies (1) of 186894

Burt - Re: "These things often (though not always) end with a bang. My guess is that there will be a bang." Thanks for the excellent summary. I believe you have captured most of the problems that face us today. Let me add that, unlike in 1987, I expect the malaise at the bottom - after the big Bang - to continue for quite a while as all the world's economies re-adjust to the new realities. It could be really ugly for an extended period of time. Many people who were looking forward to retirement in the near future based on their 401 K PRIOR valuations are going to be in for a SHOCK when they see their CURRENT 401K valuations. They will have to keep working for a long, long time. And the EMPLOYMENT scene will be deteriorating at the same time - with all those hedge fund operators looking for jobs at McDonalds and Round Table Pizza. Paul

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