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Technology Stocks : Intel Corporation (INTC)
INTC 34.50+2.6%Nov 21 9:30 AM EST

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To: znv who wrote (74411)2/24/1999 6:24:00 PM
From: Jeff Fox  Read Replies (1) of 186894
 
znv, re: Something happened around 4:30 Eastern

Something to do with bond trading - an interest rate thing.

Seems the Tech stocks are more sensitive to interest rate trends than even earnings performance. The interest rate seems tied to acceptable PE ratios.

I also think that aliens must have zapped P. Engel and Scumbria off the planet about that time. Isn't it great not having all that SPAM to wade through today?

Jeff
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