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Technology Stocks : Ciena (CIEN) -- Ignore unavailable to you. Want to Upgrade?

To: James Fulop who wrote (7930)	1/31/2000 4:16:00 PM
From: Daniel G. DeBusschere	Respond to of 12623

Does anyone think Greenspan is going to have any effect on the optical networking market or the price of oil? Bob Brinker is bearish because "the economy is too hot" for the Fed to ignore and he is recommending a "risk adverse" posture. However, interest rate increases do not address an OPEC cartel supply action. The higher the Fed drives the cost of doing business, then there is increased demand for high productivity infrastructure such as fiber optic networking and internet eCommerce NOT less. And the higher cost of interest has an inherent fact of causing wages to increase as it inflates salary and wage expectation and in itself can be counter productive. Even Greenspan understands this and he just may one of these days jettison the old Fed trick of trying to arrest inflation by managing money supply and just let global market forces find the equilibrium. The Federal government bond buy back program also reallocates capital to the private sector and offsets any interest rate effect. The Fed is really becoming less and less relevant. Like old willy says - It's a great time to be alive.