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To: Les H who wrote (87746)	3/29/2001 7:38:00 PM
From: RocketMan	Respond to of 436258

Check this out. CSCO making IOM look like a blue chip finance.yahoo.com

To: Les H who wrote (87746)	3/29/2001 9:30:00 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 436258

Les, we all agree that the market was way to inflated in summer of 1999, but the idiotic approach of the FED to Y2K issues and the bubble they generated made un-measurable damage to many all over the world. Now the whole thing runs into reverse at the greater speed, money is flowing from tech stocks to retail and financials only to find out that those businesses are not doing well either. Currency exchanges point to the fact that the interest rates on the dollar are to high the FED in it's stubbornness is f(& king the system again. US interest rates will be adequate wen the Euro will be above 1.10 and the Yen around 105 until then interest rates are to high as related to US (GDP+Inflation). Europe had a chance to lead the world economy if the FED will not lower interest rates prompto the world we be in real trouble. The FED is playig with fire and they are gambling with very high stakes, big difference between soft landing and a crash. Not only people spend what they do not have but even loose their future savings. Wen everything falls apart no interest cut will help and we are close to that scenario. BWDIK Haim