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


To: TGPTNDR who wrote (164866)5/3/2002 3:24:13 PM
From: Jim McMannis  Read Replies (1) | Respond to of 186894
 
OK two years...but AG has eased agressively and money is relatively cheap. I don't think AG can save us from the bubble but he will likely be blamed. He has to deal with what has been dealt. Maybe he can cushion it, maybe not. Part of the economy needs a tax hike and part needs a cut. This is not AGs fault but due to some irresponsible targeted tax cuts by Congress.

RE:"It's going to get *VERY* valuable soon, IMO. And stick a $ or two in stuff like gold, diamonds, and powerplants"

I see we be on the same page...on the other hand a lot of investors are so underwater raising cash seems hopeless.
Even Intel is approaching 1/3 of it's peak and it's one of the stronger socks. Think of something like Lucent, once the most widely held stock, which has gone from 70 to 4...not to mention high flyers like GLW, CSCO, SUNW, EMC, many Biotech etc. There is little left to cash out there.
Most everything is down except Oil and Gold stocks. So raising cash is kind of painful for a lot of people.

I saw a similar thing in Japan. Once they had the top ten largest banks in the world. Now nothing shows up in the top 50...

Jim