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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 77.42+4.6%3:59 PM EST

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To: Frank Ellis Morris who wrote (50208)3/20/2001 6:35:08 PM
From: Chris Carlson  Read Replies (1) of 77398
 
C'mon Frank!

The problem isn't that the Fed only cut 50BP, but that the street was expecting 75! The Fed has only cut 75BP once! He's cut 150BP in 2.5 mos. He's not responsible for our investment decisions and he warned a long time ago against irrational exuberance.

To call the recent market slide a crime against humanity is to trivialize true crimes against humanity.

I'm sorry if your wealth has been decreased, so has mine. But I blame myself for not selling when I knew the market was overpriced. At the time I was thinking, 'well, it's come so far, what's another 20-30%?'

America is going to be fine. This inventory adjustment simply seems worse because of the stock market (which is going through an inventory adjustment of its own). It's true that we might not see the levels of growth that we saw the last half of the ninties again (I mean in the stock market, the economy will probably grow as fast).

I for one am going to chalk this up as the cost of an education and I suggest you do as well.

Chris
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