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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 74.59+0.3%Jan 23 9:30 AM EST

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To: Ron who wrote (53067)5/17/2001 2:12:40 PM
From: Eric  Read Replies (1) of 77400
 
Ron

What I have liked seeing in the markets here is some pretty serious accumulation in the Nasdaq and especially the Dow.

The Dow is getting close to a new record but I don't expect them to break out for a few more weeks. We have had a very good run here without a correction so I'm pretty impressed by the action.

The Fed's comments a few days ago surprised me into thinking that they are much more worried about the economy than what we thought they were thinking about just a few weeks ago. The result is the markets like what Greenspan and Co. are finally doing.

The floor is set in place and we are now entering another bull market cycle. That's very, very clear to me. JMHO!

Eric
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