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

To: Eric who wrote (36163)	5/22/2000 10:15:00 PM
From: Monty Lenard	Read Replies (1) \| Respond to of 77400

If the Fed doesn't raise rates June 2nd then theres a good chance that the moves are done. I will buy that but the Fed seems to always over do it both ways ... kinda like the market. Never in the middle. The Fed went too far to the downside to save some peoples behinds and it wasn't ours. If we make a mistake it costs us but if the big banks etc screw up WE bail them out. In fact it is my belief that the LTCM fiasco is being paid for indirectly by the small investor right now. Especially the ones that bought in at the highs of this liquidity driven mania created by the Fed. The ones that were in the market back in the early stages of this bull should be OK but the late comers are the ones that got murdered. On thing is that it will take those people a long time to even consider buying a stock again. Monty

To: Eric who wrote (36163)	5/23/2000 8:47:00 AM
From: michael97123	Respond to of 77400

If the Fed is not to kill the golden goose, it best start anticipating the slowdown soon. Or Oops we will be in recession. That's what this market decline has been about. Captain Greenspan has always been attuned to this fact so I remain confident that all will be OK. What unnerves me most are the reports I hear that G was against 1/2 point but overruled by the boys. They are panicked by memories of the 70's with double digit inflation. They've already controlled things enough so what we really face maybe is one year at 4%. Can you imagine a recession caused by bankers to prevent 4% inflation for one year. Until recently, the German central bank operated this way in the past based on their fear not to allow runaway inflation that existed in the 1920's.