Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 51.13

+5.9%

1:28 PM EST

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To: Ibexx who wrote (9739)	1/31/1997 2:35:00 PM
From: Ibexx	of 186894

All, My contacts inside Wall Street are of the opinion that the present leg of stock market rally is, to a significant extent, fueled by foreign investment as a result of strong dollar/low inflation etc. The not-so-good news is, historically, the peak of foreign investment is followed by a market top with an interim of 3 to 9 months, plus/minus a few weeks. Just another angle to view the situation. Ibexx PS: The earmarks of foreign investments are: narrowly based rally focussing on household names (including INTC, MSFT) and neglecting small caps.

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