Taking Stock Wall Street Takes A Critical Look At Intel

摘要

How quickly sentiment changes on Wall Street. A short while ago, the Street was forecasting that the upturn in the economic cycle should result in strong trends for tech stocks. Now, all I'm hearing is that mid-2005 is going to be the peak of this technology cycle and that tech stocks should be sold now in anticipation of that peak. Even Intel, the leading microprocessor company, isn't immune to these sentiment shifts, as its stock price has dropped from a recent peak of $34 to $24 after its earnings call. Is this rational?