E-Commerce Times Talkback

Re: When Will U.S. Rate Cuts Help Techs?
Posted by: ECT News 2001-06-28 18:58:42

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On January 3rd, when the U.S. Federal Reserve cut its targets for key interest rates for
the first time this year, analysts said companies would begin to see the results of lower
borrowing costs in about six months, as the lower rates would spur corporate spending.
Technology was supposed to be a key beneficiary.

Yet six months and six interest-rate cuts later, technology stocks are still in the
doldrums, lowering their outlooks for the current quarter's results. Analysts are not looking for any improvement in sector earnings until late this year at
the earliest. So what happened?

Re: When Will U.S. Rate Cuts Help Techs?
Posted by: Yorkis 2001-06-28 19:01:12 In reply to: ECT News

Feels like we've been waiting for a tech recovery for a lot longer than six months.

I guess we just need to define a recovery. What's the stock-market target for six months, for 12 months, for 24 months, for 60 months. And just measure that against having your money in savings.

Let's get some specifics.