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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 76.11

+0.9%

Nov 21 9:30 AM EST

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To: Howard Feinstein who wrote (35518)	5/14/2000 11:39:00 AM
From: The Phoenix	Read Replies (2) of 77400

Indeed. Something we should keep our eyes on. However if the economy slows too quickly I wouldn't be surprised to see the Fed come back in and reduce the rates again to keep it from completely tanking. What I find heartening (regardless of where the tech stocks go) is that the analysts are saying these two hikes are priced in and that we should see a rally. If the economy comes to a screeching halt (which I don't think will happen if the market goes higher) then I do believe the Fed will act appropriately... The fed has been much quicker to use rates to affect monetary poilicy than ever before. We shall see...... OG

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