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Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?

To: Tunica Albuginea who wrote (16840)	1/22/2001 8:21:43 PM
From: t2	Read Replies (2) \| Respond to of 24042

TA, FED will be easing by 1/2 % to make it easier for California issue billions in bonds. Given this energy crisis, i would expect a friendly FED to cut rates by 50 basis points whether the economy needs it or not (it obviously does need it). They will do whatever it takes to make borrowing for CA easier to stop the crisis from getting worse. They cut rates due to the Long Term Capital mess; now they are forced to bail out California---anything less that 50 seems out of the question as it won't be well received. Greenspans knows that too. It just seems so obvious, given the latest California developments we have been reading about. Without the energy crisis, there may have been some chance of 25 basis points. IMHO, now 50 bp is a done deal no matter what the "experts" say from now until the FED meeting.