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To: donald sew who wrote (41009)1/16/2001 6:45:00 PM
From: Nancy  Respond to of 42787
 
Don,

actually i think the intc news itself is bad but market in good mood to want to look the other way. plus those who short semi equip assuming intc would cut capex because bad climate are forced to cover, those who short qqq also force to cover now with future up almost 60pt.

remember, how mkt reacts to news dictates how traders trade.



To: donald sew who wrote (41009)1/16/2001 7:11:49 PM
From: dennis michael patterson  Read Replies (1) | Respond to of 42787
 
Don, the news was not as bad as expected. WHich means .50 basis points is out. .25 is it, recession or not.