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Technology Stocks : JDS Uniphase (JDSU)

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To: John Koligman who wrote (19880)3/31/2001 9:58:39 AM
From: Jill  Read Replies (1) of 24042
 
It's true there always have been manias and crashes, gold rushes so to speak, and always will be.

Nonetheless, recessions in U.S. have been fed induced and I think the fed is over-active. Constant cuts and hikes are not necessary. The mania was definitely fueled by the pre y2k cuts and extra liquidity. Then it was brought down too hard and fast by rate hikes beyond what was necessary. Someone on SI posted a chart, which I could go find if I had time, and which I reposted myself a couple of weeks ago, showing that the rate hikes started to have an effect rather quickly and yet he KEPT hiking, instead of letting them work their way through the system.

Moreover, many people feel the revised q4 #s show the fed should have been cutting in q3. By waiting too long, the train is already going too fast downhill and much greater damage is done.

I see them as the one thing our forefathers couldn't predict and provide for in the constiution--there are no checks and balances--Greenie and his cohorts are not elected officials--it's quite unfortunate--
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