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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 78.25+0.6%3:59 PM EST

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To: rkral who wrote (59947)6/25/2002 1:03:50 PM
From: larry  Read Replies (1) of 77400
 
Dear sir,

I have revealed my trading suggestions in my previous 20 or so posts. I don't need to repeat my view on the market any more. As far as whether the gaps in DOW will be filled, all I can say is that the DOW is artificially inflated by PPT much more than the other 2 indexes. After the secular bear market finally runs its course, I expect the DOW to be much lower than 8000. Gap or not is not the main issue. We all have to face reality and history has shown that converging to the mean is the only way to go, no matter whether you like it or not, bulls or bears.

My only complaint against Mr. Greenback is that his easy money policy has created the biggest bubble in human history (so far) and he was determined that the internet stocks were not bubble (in 99). And now he is creating the 2rd most spectacular bubble by shamelessly pumping the housing market. Isn't it a coincidence that he firmly claimed that the housing market is not a bubble back in April? In pumping the bubbles, he eventually drove numerous individual investors to the brink of losing everything.

My main concern for the past 2 years are how to conserve my wealth and it has worked wonders (for me) in this market. It allowed to take a look at the market and individual companies more objectively. If I had behaved like I did back in late 90s and chased the likes of YHOO! and CSCO, I would not have been posting here any more.

larry
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