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Politics : Formerly About Applied Materials
AMAT 248.34-4.0%3:59 PM EST

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To: Cary Salsberg who wrote (65090)7/25/2002 1:49:03 PM
From: michael97123  Read Replies (1) of 70976
 
cary and Thread,
Doesn't the bad news today call for a fed rate cut? If rates were higher they would do it so why not now? Scared of a panic in a panic filled market. I dont buy it, especially after soxx debacle today.
And if its not rate cuts perhaps corp tax cut for firms that invest in IT more aggressively.
Maybe announcing the massive fed IT buildout supposedly coming in october.
It seems to me that govt needs to act here and now. mike
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