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

To: John Koligman who wrote (19877)	3/30/2001 11:34:27 AM
From: puborectalis	Read Replies (2) \| Respond to of 24042

Greenspan should have foreseen the impact of the tech slowdown in the 4th qtr and vigorously lower rates....looking at the consumer to revive the economy is semi-productive.If technology improves ineffeciencies and lowers inflation then why not boost it when it secularly weakens.Unless the pundits,CNBC,WSJ.....have mislead us into believing that technology is to be the driving force in the new millenium.....looks like housing and petroleum are the driving forces!

To: John Koligman who wrote (19877)	3/30/2001 11:37:26 AM
From: Master (Hijacked)	Read Replies (1) \| Respond to of 24042

John, I think we at least agree on one thing. It will be years before these markets recover. I'm still not sure though how this mess benefits Americans. Cheers, Vince ........ Message 15492390 Like Oliver Hardy would say, "This is another fine mess you've gotten us into, Stan!" In this case, AG is Stan. A year ago this month, AG tried fixing something which wasn't broken and somehow he screwed up....as in, screwed up real bad. I totally agree, a rate reduction is not the solution to our problems, other than being a temporary fix. American investors alone have lost over $4 trillion dollars in capital. Much of it came from family savings. Many folks cashed in their mutual funds and unfortunately took the advice of the highflying snake-oil peddlers of Wall Street and bought into stocks with promises of riches. Those savings are now gone. Many of the investors who shared in the $4 Trillion dollar loss no longer have the capital to re-inject into stocks. While those that still have cash remaining will no longer trust the markets and jeopardize their little nest-egg. In my opinion, the pain experienced by most of us in this past year will be impossible to forget. With our savings gone it means the markets must wait for a whole new generation of investors before there can be any hope for a recovery and with it a return to new Highs. Just like in Japan, only our children will see the return to new highs. Thank you Mr. Greenspan for tinkering in what was once a fine tuned machine. Vince