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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: sandeep who wrote (54527)	12/19/2000 5:16:18 PM
From: Frank Ellis Morris	Respond to of 74651

pundits say this inconsolable market wants to actually see those rate cuts. "In the equity market, where any possibility of stability rests squarely with the hope that current gloomy economic realities might turn, the Fed's ease bias does little to spark investors to believe that economic realities will indeed change," said Miller, Tabak & Co.'s Tony Crescenzi. "Only a rate cut or actual improvements in the economy could prompt the kind of confidence [needed]. The Fed missed an opportunity Tuesday to provide stability to both the economy and the markets -- which have deteriorated rapidly recently," Crescenzi concluded.