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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 73.99+3.1%3:59 PM EST
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To: garrick le who wrote (35022)5/9/2000 4:58:00 PM
From: Raymond Clutts  Read Replies (1) of 77398
 
Hmm. Does that mean that they were right but slightly early or that they were right but you resent it anyway? Just smiling, since I too have had a hostile attitude towards Barron's persistent editorial pessimism. Or at least I did until I went to 100% cash about three weeks ago.

I'm afraid that whatever else is said in Barrons or elsewhere about individual stocks, over the remainder of the summer Mr. Greenspan is going to keep tightening with his wratchet wrench until we're all singing soprano. I think that as a totem of this NASDAQ advance Cisco won't be safe until valuations are generally reduced consistent with Mr. Greenspan's plan for universal harmony.
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