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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: TobagoJack who wrote (49236)2/21/2001 11:35:14 PM
From: Steve  Read Replies (3) of 77400
 
Jay, Greenspan's focus is the economy not the stock market nor any particular sector of the economy. However, lowering short term rates of interest will stimulate economic activity with some indefinite lag time. There is a high correlation between a growing economy and the appreciation of assets. Beyond that circuitous link anyone who believes Greenspan is targeting the stock market for rescue is a fool.
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