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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: Eric who wrote (36163)5/22/2000 10:15:00 PM
From: Monty Lenard  Read Replies (1) of 77400
 
If the Fed doesn't raise rates June 2nd then theres a good chance that the moves are done.

I will buy that but the Fed seems to always over do it both ways ... kinda like the market. Never in the middle. The Fed went too far to the downside to save some peoples behinds and it wasn't ours. If we make a mistake it costs us but if the big banks etc screw up WE bail them out.

In fact it is my belief that the LTCM fiasco is being paid for indirectly by the small investor right now. Especially the ones that bought in at the highs of this liquidity driven mania created by the Fed. The ones that were in the market back in the early stages of this bull should be OK but the late comers are the ones that got murdered. On thing is that it will take those people a long time to even consider buying a stock again.

Monty
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