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Technology Stocks : JDS Uniphase (JDSU)

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To: John Lacelle who wrote (18431)	2/13/2001 4:23:36 PM
From: jmanvegas	Read Replies (4) of 24042

AG blew it bigtime IMO. He knew about a slowdown starting to occur around August. He knew the economy was in a tailspin by December. He didn't act until early January with a desperate move. I want a Fed Chairman who leads, not follows. I'm surprised some senator didn't chew him up today. Much too cordial and kissy-kissy. They should have blasted him on his 50 point rate hike in May and what that was all about - to put a nail on the coffin on exuberance and the wealth effect. Now he's concerned about the stock market and its effect on the economy and the wealth effect. Now he's targeting the stock market, but last year he wasn't. Nonsense. He talks out of both sides of his mouth. All IMHO. jmanvegas

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