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To: Scott Bergquist who wrote (713)8/28/2000 11:48:02 PM
From: Scott Bergquist  Read Replies (1) | Respond to of 1116
 
Cisco and sanity...
Last November, I saw several equities go up 100% in a couple of days, strictly on the effect of being annointed as a "Cisco-centric" (my phrase) technology/software/whatever. Now it doesn't seem to happen.

Shows you how much excess liquidity Greenspan pumped into the market to hedge the economy against the non-event, 1/1/2000, and the "irrational exurberance" it created (ironically). This "irrationality" is ammunition enough that I speculate that the "class-action" plaintiffs will fold early, unrewarded.