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

To: michael97123 who wrote (45767)	1/3/2001 10:15:39 AM
From: The Phoenix	Read Replies (1) \| Respond to of 77400

micheal, Will ultimately work for the upside as well. I agree 100% with this statement. My comment was more directed at any move in January. Now, if Greeny moves 50 basis points and does it before 1/31 THAT might move the markets but I don't think that'll happen. I do believe 25 basis points on 1/31 will be met with selling... 50 basis points is expected if there is no intermediate move. 75 basis points on 1/31 would be positive but that ain't gonna happen. All this said, if the fed continues to soften and take a more doveish stance on inflation (difficult given employment and the recent NAPM report on raw material costs) eventually the markets will react positively. Now, I do believe that valuations are coming into line with earnings and soon - regardless of fed action - things will get back to "normal"....whatever that is. OG