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Technology Stocks : JDS Uniphase (JDSU)
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To: larry who wrote (19337)3/10/2001 12:40:42 PM
From: MIKE REDDERT  Read Replies (1) of 24042
 
CSCO and friends will lend money because they have no other acceptable choice, not because they like it... and the Fed will cut rates until they prove to the markets that this time is not different, and that they are the true gods of capitalism... because they have no other acceptable choice.

Of late, various analysts have blasphemed the Fed by suggesting that there is little they can do. I would suggest that the Fed will do everything in their power to send those sinners to hell for that indiscretion :)

Mike
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