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


To: Charles Tutt who wrote (52817)5/10/2001 2:24:22 PM
From: Yaacov  Read Replies (1) | Respond to of 77400
 
Today ECB cut the rates by 1/4 of point! Duisenberg, the CHirman of ECB, once having seen the latest date on EC and US economy must have been real scared about the slow down! He refused to cut the rates only a few weeks ago, so some thing must have scared him to cut the rates! That means he has consulted Alan Greenspan! Now Feds cut minimum of 50 points but 75 points is not impossible! 50 points means a small rally (or a shave of few hundred points off the dow and NAZ!)since the market has compounded that into recent gains. But what a 75 point cut will fuel a rally!! Brace yourself for a rough ride, up or down!

Kind regards

Yaacov