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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: dennis michael patterson who wrote (7875)5/23/2001 10:10:36 AM
From: Paul Shread  Read Replies (1) of 52237
 
Cisco went up yesterday because a couple of analysts (SSB and CSFB, I think) said they saw acceleration in their optical business and some big orders ready to ship.

FWIW, interest rates are allegedly the main drivers of bull markets, and I believe this is the biggest drop in short-term rates, on a percentage basis, in the history of the Fed (from 6% to 3.5% in 4 1/2 months, a 41.6% drop). So in that respect, the fundamentals are bullish. Corporate earnings are another matter, but they are a lagging indicator, I believe.
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