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


To: pass pass who wrote (50138)3/17/2001 11:59:13 PM
From: Wyätt Gwyön  Read Replies (2) | Respond to of 77397
 
I say if Greenspan lowers the rate by another full point within the next 3 months, tech will be saved.

IMHO, you are barking up the wrong tree. It's not rates that are the problem now. It's all the bad investments that have been made. All the capacity built up and debt taken on. It is like drunks who have been partying for five years. They wake up and have a horrible hangover and cirrhosis and burntout gut and fried brains...and they think their problems will be solved if Greenspan makes another liquor run. The problem was abusing the liquor in the first place.

That is just my opinion. I think Greenspan will in fact lower 100 basis points more, so you will prolly get to see if your theory is true. But give it some time b4 calling da bottom--these sucker's rallies are gettin 2 be a 10me a 12zen.