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Technology Stocks : Intel Corporation (INTC)
INTC 38.16+2.5%Nov 7 9:30 AM EST
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To: t2 who wrote (75036)3/2/1999 12:59:00 AM
From: greenspirit  Read Replies (2) of 186894
 
You may be right Tech2000, but I have a funny feeling we are near the beginning of a steady downward trend in stocks this year. The combination of four factors will weight heavily on the markets IMO.

1. The prolonged and intractable Japanese recession.
2. The fear of Y2K and it's impact on business decisions.
3. The rise in interests rates (unjustified in my book) but if they continue, which looks likely, will weigh heavy on fund managers minds.
4. The high historical valuation of U.S. stocks. (especially internet ones!)

I don't believe we will see a crash or anything. More likely a market down 10%-15% on average. And a non exciting year.

Yesterday, however, I visited our local Circuit City store. The Pentium 3 is a HUGE hit with consumers! A crowd was gathered around the one displayed. I forget the brand, but it was 1699 and the 20 or so sold out in only a few minutes. Everyone was amazed by the internet access speed! We live in one of those government decreed cable monopoly areas where NOONE has seen a cable modem.

Seeing a P3 cruise the net was a real treat! :-)

The only ones who care about this privacy junk are tabloid journalists. Most consumers are too intelligent to be driven into fear.

Michael
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