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Technology Stocks : Intel Corporation (INTC)
INTC 37.81-4.3%Dec 12 9:30 AM EST
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To: Ibexx who wrote (13980)3/13/1997 8:40:00 PM
From: Road Walker   of 186894
 
Ibexx,

If the fed were to raise interest rates, that would really be bad news. However, if the PPI comes in high tomorrow, the market will raise rates beyond 7% yield on the long bond. I'm not saying that the PPI will be high, in fact the odds are that it won't be, but today's markets were a reaction to the possibility. If the possibility becomes reality, the fed has nothing to do with how the markets will react.

Again, I think the PPI will not be a catalyst tomorrow for a market decline. I hope that I am right.

John
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