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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 78.32-0.1%Jan 30 9:30 AM EST

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To: bambs who wrote (45868)1/3/2001 2:17:19 PM
From: The Phoenix  Read Replies (2) of 77400
 
bambs,

this 1/2 cut is a desperate act of a desperate man...

It is - agreed. NAPM I'm sure frightened the fed. I think this is what the market didn't bank on... 50 basis points interim.. that's major.

this rally is a bonus chance to short what you missed out on 3 days ago..

I agree if you're trading.. but given that this is a desperate act of a desperate man it would suggest to me that he is willing to do more to avert a "hard landing". Or, are you suggesting that there is nothing that the fed can do at this point?

OG
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