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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 73.94-1.1%Jan 8 3:59 PM EST

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To: Dave who wrote (67426)3/20/2005 9:02:13 PM
From: Lizzie Tudor  Read Replies (2) of 77400
 
I definitely think the economy is less reliant on oil, for one thing this is a services economy vs. a manufacturing economy (sick as it was) at the time in the 70s. But I don't have any statistics to back up what I know to be true. I don't really know where to look.

Oil still matters at least some though, and Greenspan is absolutely going to have to raise rates. The 70s oil crisis was 30 years ago, the fact that we haven't gotten off of oil completely after all this time is a travesty imho
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