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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic -- Ignore unavailable to you. Want to Upgrade?

To: greg s who wrote (26640)	10/19/2000 6:00:02 PM
From: Sonny McWilliams	Read Replies (1) \| Respond to of 27012

Hello Greg. Well, Intc did alright yesterday and today. Nice market today. A lot of technicians call this a bottom now. Would be nice. Interest rate hikes. Any time you raise interest rates, it affects businesses, especially startups, that need to borrow money. Yes. I def. believe that interest rate hikes put a damper on business growth. And that's what the FED was looking for. A slowdown in the economy to fight inflation, supposedly. I do believe that the FED has been doing a good job, but I also believe that they overdid the rate hikes and we were hoping for a rate cut soon. But, some FED GOVs are now saying that the FED is caught between a rock and a hard place. With a little higher inflation numbers in the last report, they may still be debating if to raise again or not. The Bond market says NO. And that's normally an indicator in which direction the FED may move. Greenspan was speaking at the Cato Institute today. I understand that he did not mention the stock market or the interest rates. He did not even think that the energy costs, right now, are too worrisome, but that the FED will keep an eye on these things. It could become bothersome. He called those high energy prices a tax on the people, I believe. If you listened to CNBC this afternoon, when Bush was on, he called this a tax also. So, at least we know that he is paying attention to what's going on, despite what some people try to say. BTW. I basically don't know why the FED would call those high energy prices not inflationary. Maybe it's a bit political with him also. Food costs went up and that shows that some of the energy costs are being passed on, when possible, but business is probably eating most of the extra costs. One good thing that happened today, besides this great advance in the market, of course, is that the trade deficit narrowed a bit. We finally had a little more exports. Cpts were on the list. So maybe the cpt industry is not dead yet. gg. I also listened to a money manager this morning, after Nokia came out with their great numbers, and he mentioned that this handset debacle was mostly the fault of analysts. Hm. He said that the handset industry had been talking of a growth rate of about 420 mill.? and then one smart analyst came out and said: Let me raise this to 450 mill. and the next analyst did not want to be out done, so he raised the stake even further. And now they are talking about a slowdown. But it looks like the handset industry was right with their numbers they put out. So, who's slowdown is it anyhow? Now that I have this DSL, I am finally downloading things that I always wanted to download, but found too cumbersome. It is def. a lot faster. Bush sounded pretty good on CNBC. Everybody agree? gg. Not the moron some pundits try to make him out to be. He got kudos from the guest that came on after him. Sonny