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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 71.75-0.5%3:59 PM EST

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To: Tulvio Durand who wrote (49186)2/21/2001 1:32:33 PM
From: Stock Farmer  Read Replies (2) of 77397
 
Hi Tulvio - fed easing doesn't make capital available.

It just makes the risk-free rate of return lower, thus tilting risk/reward calculations in favor of investment. So in this sense you could be correct.

If however the expectation value of a dollar of capital invested is less than one, even 0% would not free capital into the markets. Except to lighten the pockets of those already sinking.

As to NASD bottoming at 2250... for now. But in the last six months, the wise have called a number of different bottoms... all at higher points.

Beware of false bottoms. Magicians have used them since the dawn of time.

John.
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