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Technology Stocks : Broadcom (BRCM)
BRCM 54.670.0%Feb 9 4:00 PM EST
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To: Stoctrash who wrote (5314)1/31/2001 3:09:41 PM
From: Didi  Read Replies (1) of 6531
 
Covered your latest batch, Fred?

Agree with Ibexx, hazardous to one's pocket fighting the Fed. Observe the FOMC wording: they're determined to rejuvenate the econ, along with consumer & biz confidence.

............................................................

federalreserve.gov

Consumer and business confidence has eroded further, exacerbated by rising energy costs that continue to drain consumer purchasing power and press on business profit margins.

Partly as a consequence, retail sales and business spending on capital equipment have weakened appreciably.

In response, manufacturing production has been cut back sharply, with new technologies appearing to have accelerated the response of production and demand to potential excesses in the stock of inventories and capital equipment.

Taken together, and with inflation contained, these circumstances have called for a rapid and forceful response of monetary policy.
...........................................................

Won't be surprised if another rate cut of .25% prior to the next FOMC meeting in March.
federalreserve.gov

IMHO, likelihood of the fed funds rate ~4 - 4.50% by Dec/2001.

Where will replenished liquidity go? Equities + capital equipments ?

Good luck.

di
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