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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 75.59

-0.6%

3:59 PM EST

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To: kvkkc1 who wrote (44651)	12/16/2000 11:44:38 AM
From: SouthFloridaGuy	of 77400

<<In order to be equal to this year's selloff, the market would have to go to 0. >> That's not an asinine statement at all. In fact, your statement is and shows a total lack of knowledge of basic math and finance. For the market downturn to equate to this years in pain level, the market would need to fall an EQUIVALENT amount not an ABSOLUTE amount. In addition, in economic terms it is well known that the last leg of the drop is the one that affects the economy the most. Think of it this way: the move from 5,000 to 2,650 is like a flesh wound - sure it hurts - but you'll live. The move (I don't think it will be this bad) from 2,500 to 1250 is the flesh wound plus a stab into your lungs, heart, with a gunshot to the head to top it off. Personally, I think the WORST it will get is 2000 - still another 20% and with repercussions that will lead to a consumer recession. The possibility does hold for a move to 1500 in the Nasdaq. Will it happen? I hope not. Can it happen? Anything is possible.

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