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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 75.19

-0.1%

Jan 16 9:30 AM EST

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To: Monty Lenard who wrote (50028)	3/15/2001 7:47:05 AM
From: GVTucker	Read Replies (1) of 77400

Monty, there's an interesting article in this week's Economist that fits a lot with your thinking. I'm not sure if it's on the pay side or the free side, but here's the link. economist.com Basically it states that this is unlike all the post WWII recessions or downturns because it isn't Fed driven, it is capital market driven. Thus, this cycle might resemble more the old US cycles of boom and bust, which were unfortunately a lot worse than the post war busts. While I'll buy the argument that this is a capital market driven downturn, I'm not yet to the point that I buy the argument that this factor will exacerbate things.

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