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Technology Stocks : Intel Corporation (INTC)
INTC 37.94+0.3%9:53 AM EST
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To: Road Walker who wrote (13971)3/13/1997 7:32:00 PM
From: Ibexx   of 186894
 
John,

I talked to a couple of Wall Streeters this afternoon re. the general market. They are of the opinion that a 25 basis point rise by the Fed is already factored into the current valuation as of today's closing,

If, however, new data show significant and unexpected economic strength and AG decides to raise 50 bps, the market (DOW and SP) could decline another 8% whereas Nasdaq retreats a little less (5-8%).

Just some thoughts from a different perspective.

Ibexx
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