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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: carl a. mehr who wrote (99629)	2/22/2000 11:55:00 AM
From: Frank Ellis Morris	Read Replies (2) \| Respond to of 186894

~~~ OTOT~~How low must we go before the crowds start writing to their leaders and demanding the throw out of Allen Greenspan?? Before this debacle is all over you will not want to buy stocks at any price but will be trying to pick yourself up wandering what the hell happened? Tuesday February 22, 11:20 am Eastern Time U.S. stocks turn negative on rate fears in late morning NEW YORK, Feb 22 (Reuters) - U.S. stocks gave up their gains in the late morning on Tuesday as fears that interest rates will go up sharply spread, a day before Federal Reserve Chairman Alan Greenspan's second round of Congressional testimony. Some of the biggest losses were in the biotechnology and Internet sectors, which up until recently had seemed immune to the prospect that the Fed would hike borrowing costs substantially to slow the economy. ''I think this is a continuation of the selling on the presumption that interest rates are heading considerably higher,'' said Barry Hyman, market strategist for Ehrenkrantz, King Nussbaum Inc. Before it is all over there will not be one american shareholder who will tolerate Allen Greenspan heading the Federal Reserve or a democrat to be in the oval office. Carl I know you are very heavily positioned with margin on Intel. Does this pressure by the Fed on the markets concern you. I admire your being so brave. Frank