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

To: JRI who wrote (35935)	5/21/2000 5:43:00 PM
From: Eric	Read Replies (1) \| Respond to of 77399

Justin Well a lot of wealth has been taken away and Greenspan has reason to be pleased at this juncture. I do agree that we are tremendously oversold here and will probably get a rebound this week if not in the near future. IMHO we are probably six to 10 months away from any rate decreases but if we truly do get an oil price shock which seems to be setting up right now then that will slow down the economy even more. Sure that's inflation but the real effect the fed is looking for is a slowdown in the economy. That will take pressure off price rises pretty quickly. Oil prices can change very quickly but if oil goes above $2 a barrel that will slow things down fast. Actually I would like to see higher gas prices, we need to develop new energy sources and get off our oil fix. I can see a lot of technology sitting here in the U.S. that could cause a explosion of technological growth for us and use oil for more important things. Eric