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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 75.59

-0.6%

3:59 PM EST

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To: zyx1996 who wrote (50767)	3/31/2001 10:29:23 AM
From: Victor Lazlo	of 77400

<<So what economic downturn will last into 2002. market always goes 6 month ahead of that. Nasdaq topped out on March, 2000, while earning warning is not coming until last October. >> Yup that's true. And the last couple of Fed rate hikes were just starting to have their bad effects in the summer and fall of 2000, due to the lag time that it takes for fed rate changes to show up in the economy. << Only thing I said it will not get much worse. >> Again, I think there is no way to know that at this early point in time. <<And my prediction is Nasdaq will not see new high within 5 years. And so what! If it makes a new high at 10th year, that will be about 300% return in 10 years. No one can argue that is a fabulous investment. GET REAL!!!!!!!!!!!!!!!!!!!!!! >> I did not say that would not be a fab investment. <<If you put your money where your mouth(or writing for the matter) is, I think you are a lousy investor. even though you may be a fine speculator, who will eventually lose his shirt long term. >> zeren if you would like an example of what I like, look at the Fido Select Engy svcs fund (FSESX) from Feb 1999 to present- that's when I put a big chunk into it- still have it, has done much better than NASDAQ for some time now. Boring is beautiful, baby!! Victor

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