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To: Andy M. who wrote (25126)	8/6/2002 9:07:54 PM
From: uu	Read Replies (2) \| Respond to of 25814

> Don't know why the market is surging so much today... Its rather simple! 2 reasons: a) There is a rumor that FED will be cuting rates again. And that is why market is moving higher. I call this absolute idiotic exuberance. It is sort of like a death row inmate about to die but first being told that they are going to give him a nice juciy steak and because of that he thinks he can get away from the death row. b) Cisco reported its earnings, and even though the earnings report said not much (if anything at all but the fact that things are as bad as they can be and are getting worse), people are thirsty to see and to hear what the "like" to see and to hear. And what they "like" to see and to hear is that things are getting better. BUT they ARE NOT! As a someone who has a long position in Cisco with an average of about $25/shr I sure am not very happy about the macro economic problems and certainly not happy about the sector Cisco is selling its products. But I am even more unhappy - and in fact angry/sad - as how these morons push the stock up artificially out of their idiotic exuberance only to get hurt later causing the stock to go lower later. Yes... indeed these are not the best of times......