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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (30694)	12/23/1999 2:45:00 PM
From: Zoltan!	Respond to of 77400

Dow Jones Newswires -- December 23, 1999 JP Morgan's Cliggott Sees Bumps In Late Jan, Early Feb NEW YORK -- Things could get a little "bumpy" at the end of January or early February as the Federal Reserve begins to rein in supply liquidity, said J.P. Morgan equity strategist Doug Cliggott. "We think the Fed will push rates higher," following bond yields, Cliggott said in a CNBC interview Thursday. In the new year, bond yields could reach 6.75% to 7%, a rise that could prompt the Federal Reserve to act with two quarter-point increases, and possibly a third, Cliggott said. "Interest rates will move higher until we see a visible slowdown in consumer demand," Cliggott said. Until then, investors will have to wait, but remain invested. Cliggott recommends a diversified portfolio; investors should not focus only on tech issues. He likes Royal Dutch Petroleum Co. (RD) and Enron Corp. (ENE) in the energy sector, and Colgate-Palmolive Co. (CL) in consumer products. His favorite techs are Motorola Corp. (MOT) and Cisco Systems Inc. (CSCO). interactive.wsj.com