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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 82.44

+2.2%

1:38 PM EST

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To: bambs who wrote (45911)	1/3/2001 5:54:15 PM
From: DiB	Read Replies (1) of 77400

>Do you think we will break 3000 off this? I say no. I say yes. Here are some interesting comments from Briefing: Merrill Fed Comments: Firm says they believe the Fed's motivation for the 50 basis points cut was to send a clear message that they are committed to maintaining relatively stable and liquid capital markets and stable economic growth; notes that historically, within three months after an initial cut the S&P 500 has generally traded up around 10%, within six months the index has typically advanced 19% and by 12 months it has generally returned 23.6%. Firm says that the broadest rebounds in the equity groups that occur during soft landings, particularly if the Fed has supported the market and the economy, are consumer cyclicals, financial services and technology; additionally notes that over 60% of the S&P industry sectors have been up over the past month and this may imply that the market liquidity is spreading out among the group, helping to set the stage for a broad advance.

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