Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Dan3 who wrote (142675)	9/4/2001 1:42:23 AM
From: Jim McMannis	Respond to of 186894

RE:"that Auto sales were leveling off, despite the current low interest rates." Auto sales are in the dumps...started a year ago. $5K coupons have been in the mail for a while now... RE:"despite the current low interest rates. If housing so much as hiccups, this economy could implode.". Yeap, you've been paying attention. RE:"Anybody know offhand when the next FED meeting is? It's starting to look like we need another 1/2 point cut, rather than another 1/4. And the sooner, the better. Housing can't be allowed to slow down, it's pretty much all that's holding up the economy at this point." If housing is any indication...rates should be upwards of 10% and heading higher...but AG can't do it... We have a very imbalanced economy and taxation structure right now. Tax cuts fueling RE inflation with the rest of the economy heading in the dumper... The scary thing is that these cuts are beginnning to look like pushing on a string with everything but RE... These are very dangerous times... Implode is a good analogy.

To: Dan3 who wrote (142675)	9/4/2001 2:02:29 AM
From: Amy J	Read Replies (2) \| Respond to of 186894

RE: "If housing so much as hiccups, this economy could implode." What's holding housing up? Probably the interest rate cuts. Real estate (RE) is still a tad out of synch with the economy. Some local RE is double what it was about 3 years ago, meanwhile the stock market is flat. Homes above $1M are paid through stock, not salaried mortgages, so these should be more in line with the stock market; something is out of synch here. Though some areas are aggressively falling, like the Los Altos (Hills?) area that had a -40% drop in median prices per Sunday's SJMN (note: that's YOY median price as measured by only one month's of data, not a year's worth of data, so if only a handful of homes were sold in a month one could expect some distortion.) Saw a few more businesses go under or close local outlets. An art gallery that's been around for a decade, a furniture store, etc. etc. Am seeing a lot more "For Lease" or "Space Available" signs in the area than what I saw on a visit during the previous recession. Fastest growing company in Silicon Valley is Available.com. (I can't take credit for this joke.) How bad was '85 relative to the recession in the early 90's? OTOH, folks at Nordstrom said that their sales have just bottomed out, and are now flat. Regards, Amy J

To: Dan3 who wrote (142675)	9/4/2001 3:00:21 AM
From: milo_morai	Respond to of 186894

"Intel: More Job Cuts On The Way? Word began spreading last week that Intel may be about to cut more jobs. This time cuts seem destined for its facilities in Folsom and Sacramento, CA. These are rumors my friends, but even a source down in the heart of Texas was familar with such rumors. One rumor has it that 15 percent of the workers in Folsom will be getting pink slips in the near future. The Folsom-Sacramento facilities employ about 8,000 people, according to Intel. They're home to Intel's wireless group, I.T. group, reseller products group, Intel Architecture, enterprise components and telecom components group. That's all I know, everyone was kung fu fighting their way out of the office to hit the beach last week." dotcomscoop.com