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 12:59 PM EST

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To: Frank Ellis Morris who wrote (21850)	12/11/1998 4:49:00 PM
From: Sonny McWilliams	Read Replies (1) of 27012

Frank and All. First article of impeachment has been voted on and passed. It will go to the full House. Now, suddenly some of those talking heads on CNBC and their guests think that this could influence the markets. DUH. What has changed? Nothing. If the House should vote for impeachment, it will be a black mark on the record of the President. He was willing to accept a Censure according to his new speech. So, maybe the Senate will oblige. But I don't see any reason for the market to act on this. Again, consensus has it that it will not go any place in the Senate. So, again, duh. Jerry Favors, the tech. analyst, who comes on CNBC frequently and has called in the past for a down turn of the DOW to 5 or 6000, thought the market could still go down some today and on Monday but MAY then have a rally somewhere into the vicinity of Christmas. Then a little pullback into January and then a possible up turn as high as 11,000 by April. But he still calls for his prev. mentioned scenario after that as he has done for a long time now. gg. Maybe Ralph Acamporo will come out with his 12,000 soon. I still have not heard it, even so it was discussed yesterday. Anyhow, good luck. I am holding on. All have a nice weekend. Sonny

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