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To: Lane Hall-Witt who wrote (240)3/14/2001 1:51:19 PM
From: Luce Wildebeest  Read Replies (2) | Respond to of 589
 
Is this related to the point you were making yesterday concerning CSCO?

Cisco chief apologises
"The challenge is to get this [the US economy] turned around before it spreads to Latin America, Asia and Europe in a major way," Mr Chambers said - though he added that the slump in demand for tech equipment in the US was likely to last longer than most people think. "The odds are greater than 50/50 that this will be more than a two-quarter phenomenon," he said.
news.ft.com.
Cisco sees slower U.S. capital spending in 2nd half of '01
siliconinvestor.com



To: Lane Hall-Witt who wrote (240)3/14/2001 6:54:36 PM
From: Dave Gore  Respond to of 589
 
Lane, the Big Players will use any news (expected or not) to create great volatility in the Market. Big players make much more money off wild volatility, especially when they know the direction it's going, in most cases.

The one laugh I had this year was when A.G. cut rates intra-meeting and intra-day while they were out to lunch. Of course, it just peeved them off to the point where they did everything in their power to tank the Market in the weeks that followed. They more than got even with Alan and most everyone else too.