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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 74.59+0.3%Jan 23 9:30 AM EST
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To: michael97123 who wrote (36722)5/30/2000 2:37:00 PM
From: RetiredNow  Read Replies (2) of 77400
 
Not addressed to me I know, but I couldn't resist a response. I think the enormous wage inflation and the consequential wealth effect went a long way towards creating the Fed's inflation concerns. Then on top of that we had the oil price inflation as well as the bubble stock market. It made for some real concerns that the Fed had to address. I think the Fed acted rightly.

So my new joke for the day: How do you identify a daytrader? They invariably say Greenspan is an idiot.
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