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

To: Eric who wrote (44648)	12/15/2000 6:02:01 PM
From: zbyslaw owczarczyk	Read Replies (1) \| Respond to of 77397

Eric: And this is how Greenspan addressed that eventuality Dec. 5: federalreserve.gov " ...Still, in an economy that already has lost some momentum, one must remain alert to the possibility that greater caution and weakening asset values in financial markets could signal or precipitate an excessive softening in household and business spending. " Fed has already took neutral position. On Dec.5 nobody expected Fed to go as far (see above). I would not be surprised to see 0.25% cut next week. The last time industrial production declined for two straight months was in mid-1998 when a strike at General Motors Corp. forced automakers and parts suppliers to shut down for 54 days, Fed statistics showed. Before that, there weren't back-to-back declines since the final three months of 1991, just after the last recession had ended. Inflation is tame, oil below 29$ for the last 10 days and heating oil at 90$ down from 106........ ZO