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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 73.99+3.1%Nov 12 3:59 PM EST

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To: Frank Ellis Morris who wrote (50208)3/20/2001 6:57:45 PM
From: Sonny McWilliams  Read Replies (2) of 77398
 
Frank. I was one of those defenders of Greenspan but wrote that I did not favor his rate increases and that he was def. wrong with the last sev. rate hikes last year. And then, of course, the FED was way too late to cut rates now. Rate cuts should have come already last year. And I was hoping for 75 bp today.

I always said about the economy: Don't fix it if it ain't broke. But they tried to fix it when it was not broke. Well...... I guess they fixed us.

You may feel vindicated by this:

foxnews.com

You can download the rest of the story if you feel like it. Pretty interesting.

Here is an article on possible further rate cuts. Again. Why not more right away?

dailynews.yahoo.com

Another story on the market drop.

dailynews.yahoo.com

Sonny
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