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Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (2350)	6/23/2001 10:29:45 AM
From: DOUG H	Read Replies (1) \| Respond to of 13815

Greenspan and his central bankers don't have a magic wand. The mere fact that they chopped rates by a whopping 2.5 percentage points since the start of the year will not be a cure-all. Sure, monetary policy is the best way to steer the world's biggest economy, but it is a long, drawn-out process. The stimulative effects of cheaper money can take up to a year to filter through the economy. The economy must have "shortages". People use the cheaper $$$ to step in and begin to address the "shortages" which begin another economic cycle. Is anyone aware of any shortages?

To: stockman_scott who wrote (2350)	6/23/2001 6:13:43 PM
From: Venkie	Read Replies (2) \| Respond to of 13815

The way I see it is....Tech or no tech If it's a good company with a bright future...making money..room to grow...product demand. The it doesn't amke difference whether they sell copper..condums..jet engines ARE sofrware/pc/chips...ARE Joe Boxer underware. The tech revolution has just begun and those with the capital have the best chance to invent the next intc/msft/dell. If people think tech is dead the old Warren B is getting ready to step in and become Tech Buffet.Yes tech has been knocked on its ass but it will get up..A good company is a good company.Only so many shs of old economy can be bot b4 money has to go some where else..Now lets all hv a good wknd.