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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 229.12-0.2%Nov 26 3:59 PM EST
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To: Victor Lazlo who wrote (115072)1/11/2001 11:11:44 PM
From: craig crawford  Read Replies (1) of 164684
 
I never said the Fed should cut now only because of HP, I just said it's one more reason. Also I was referring to GTW as well. GTW comes out with a gigantic earnings warning, and then still misses earnings by 25c. These companies are showing just how bad it got towards the end of the year. Companies are giving horrible outlooks for the first half and sometimes even all of 2001. HP warns all the time, they are total sandbaggers. It's the fact that just about every company out there that gives guidance is saying that they were totally surprised by the falloff in demand the second half of December. It will take a while before those numbers trickle into the economic reports, so the Fed needs to be pre-emptive. Sure it may not look like we are in a recession right now, but by the time it's clear for all to see it will be too late to act then. Greenspan can reassure the markets with another rate cut now. And to save this economy we need higher markets and better sentiment out of the consumer, Joe Q Public. We also need to keep foreigners from fleeing with their capital.

>> Heck, have you heard what's going at Daimler-Chrysler???? <<

I posted something about that a week ago on this very thread.
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