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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 76.92

+4.0%

9:55 AM EST

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To: Sonny McWilliams who wrote (50214)	3/20/2001 8:17:19 PM
From: Frank Ellis Morris	Read Replies (3) of 77398

Hello Sonny, I was hoping that the Fed would have cut rates today by 75 basis points to throw off the lack of consumer Confidence. It really irks me to hear day after day how much the market is oversold only to see day after day further erosion. Looking back, sure we should have gotten out earlier. I do recall: however, all those market analyst and advisors telling us to stay the course and make technology our core investments for the long haul. I remember being called a shmuck for suggesting that I sell Cisco at 80 and SDLI at 400 to buy Philip Morris at 20 when it was paying a 10% dividend. It does not cause me all that much pain to see the pull back each year but this is ridiculous and unprecedented. Each month when you see your financial statements does it not make you feel a little sick? It worries me that people will stop spending or slow buying significantly when they see how much of their wealth disappeared. This will really cause a recession. For the first time in many years I now feel that putting money in the stock market is more risky than going to the casino so why invest when all you get is screwed. Corporate America looses in the long run when people are fearful of putting their hard earned cash into equities. The federal reserve admitted that they were concerned about the falling stock market so why the hell did they not lower the damn rates by at least the amount that everyone was expecting? We may not see recovery in techs for years to come. So much carnage has happened and much is needed for repair Frank

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