I wouldn't try to look into a reason for CSCO decline. The whole Tech Sector, as well as, every other sector is in a rapid high powered sell off. We've seen it before, we're in it now, and we'll most likely see it again. There is no ryhme or reason, other than to bring stock prices back down to more "reasonable prices", whatever the heck that is. We are at or very close to bottom here and the market, or High Tech Sector, to be more specific, will look to CSCO today, after the bell, to lead a short term bounce back, with it's earnings report. Unfortunately, the pop, if and when, won't get back too much of this beating, but it might stabilize things a bit, which would be a relief!
Howie |
