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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: GVTucker who wrote (47421)1/29/2001 9:10:22 AM
From: michael97123  Read Replies (4) of 77400
 
After watching repeat of Gspan testimony, i see a possibility of a 3/4 point cut. It would not be unprecedented I believe. I think he will do almost anything to prevent an official recession on his watch. He can always deal with inflationary pressures later. He listened to the inflation hawks before and helped kill the economy to stave off the possibility of 3% inflation. He has a legacy too and it is anti recessionary first. Feds next meeting in march. He might not want to let things get to far out of hand. Stories regarding cisco today add to that feeling. Keeping nasdaq at no lower than these levels is job 1 in restoring consumer confidence in the economy.
I have no evidence just a gut feeling here that this road is being considered.
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