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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 76.04-1.3%Jan 2 3:59 PM EST
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To: Eric who wrote (44569)12/15/2000 9:52:03 AM
From: The Phoenix   of 77400
 
Eric,

You could very well be right. All the signs we're seeing do point to a economy weakening too quickly. I remember back in the spring when the fed increased rates 50 basis points. I suggested in a post that they overdid it because they had not yet let the previous hikes take effect - they overshot. Now they have to control consumer sentiment from completly going in the toilet. Rate cuts clearly are more symbolic than anything else but it does effect sentiment. A quarter point reduction will likely have very little, if any, effect. Short term pop in the market but it will not solve our economic woe's. It took 6 hikes over a period of nearly a year to slow this pup down I think the key now is to stabilize it right here. The question is what should be put into that "potion".

As for the 3G issue.. yes, it's amazing how many folks don't understand the market and yet invest in it. I remember the bull market where every investor was buying any dot com or any stock that had a pulse - with no regard whatsoever to the underlying business, sector, or target market. Now we're seeing the opposite where all stocks are being taken out and shot with little knowledge of the underlying company. Too many uninformed investors mean the market is even less predictable than it was only 10 years ago. I find it's best to play sentiment these days than it is the market... as sad as it may be.

OG
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