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

To: Tunica Albuginea who wrote (18468)	2/13/2001 7:24:34 PM
From: t2	Respond to of 24042

Greenspan told Sen.Schumer that" an in between meeting rate cut is always an option. He did not exclude it. TA, Greenspan is not supposed to let the market know of his plans ahead of time. IMHO, a rate cut more aggressive than what the market expects is in the cards. To me an intermeeting cut as early as tomorrow could happen. If the morning business inventory number is poor, I would be ready to bet that he will do it tomorrow....if the Naz itself shows weakness at the same time. Those 2 factors combined will justify an aggressive cut..i hope 50 but he could do 25 intermeeting. Basically, he needs to send a message to the market of his intent...instead as earlier posted that the market is telling him what kind of cut is required with those futures trades. He needs to get ahead of what the market expects and IMHO he will do it. I believe he knows that is what must be done to get the market confidence back. A suprise will do it.

To: Tunica Albuginea who wrote (18468)	2/13/2001 7:36:22 PM
From: jmanvegas	Read Replies (1) \| Respond to of 24042

Of course intermeeting moves are an option. Just look at the Jan 3 desperate move. The market is voting thumbs down. No senator even remotely questioned monetary policy. They're only concerned about their partisan bickering over tax policy. The Fed is moving too slow and the Naz is feeling it. The Fed is going back to its old ways - a gradualist approach. That's not acceptable to shareholders in this moment in time The only thing that has held this economy up over the past few years is the productivity gains via tech companies. If the Naz doesn't recover soon, or if it continues to fall further, continued productivity gains for the foreseeable future (12-18 months) will be hard to come by. If that happens, the market will get creamed. AG must come to the rescue of the Naz. I don't believe any tech executive who says they can see out into the 3rd & 4th quarters of this year. Lastly and most importantly, we haven't even come close to seeing the end of the power nightmares that we will be seeing by the summer. IMO, Wall Street is going to test AG's resolve and slowly dissolve the Naz into lower lows. Unfortunately, I'm long a number of tech stocks as well as you folks. I didn't like what I heard today at all. jmanvegas