Good post, Chaz.
The market is certainly frustrating right now. I don't expect a big move in Q until earnings or just before.
Cisco is just laying their, at about an 83PE on past earnings, and a 40% increase in earnings expected the next twelve months. That should put Cisco to at least 160 by the end of the year. I was hoping for 180, a double, but I am beginning to think that won't happen. We are only up 19% for the year, but, we had a hell of a run up to that point. I still think it will move when tech moves, and that will be with a DOJ settlement, one way or the other, on Microsoft.
All of this is short term, of course. Earnings will out, long term. I have just got too used to making big bucks fast, and find it hard to wait.
Also, short term, Interest rates, of course. We seem to be getting ready for a 1/4 to 1/2 point jump, which would cause a one week crash, IMO. |
