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Strategies & Market Trends : Steve's Channelling Thread

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To: Rich1 who wrote (10884)	2/7/2001 2:36:12 PM
From: Jdaasoc	Read Replies (1) of 30051

Rich: Cycle guy has 2345 We may go a little lower than that since it appears it will take 1-2 days more to let all the gas out of the CSCO balloon. My feeling is CSCO becomes a buy at about 28. SSB analyst feels low in CSCO is within the next week. BKX index is approaching 900 support level so I think that the bulk of additional declines are computer network equipment stock problems not the additional fear of recession, everything will be all right with the market. If recession fears increase, a tax cut bill will be on Presidents desk to sign within the month. When was the last time that the federal government played an "active" role in boosting the economy. Clinton years was marked by such legislative gridlock that built the current fiscal surpluses to be gored at first instance the Republicans get a chance. Does anyone else think that Bush sounds a lot like the Steve Forbes guy more and more every day. Forbes was Mr Tax cut and was very pro life. I think this Bush guy is going to be more of a chameleon on espousing others policy issues than Clinton ever was IMO. He surely doesn't have much of a track record on his own. john

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