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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Jorj X Mckie who wrote (23390)10/1/2000 3:51:21 PM
From: LLCF  Read Replies (1) of 436258
 
<Didn't they have a lot of AAPL too?>

Yea, and Intel. Who knows what's going to happen near term, but I can't help but be cautious with the long economic expansion we've had and 'rosy scenario' priced into equities at this point in time. To me the whole argument that "there's cash on the sidelines" and "baby boomers must put there money in the market" are all just modified versions of the much written about "greater fool theory" that have fueled mania's in the past. I mean, could anyone doubt that perhaps CSCO could have no growth one year in the near future?? Why not? If so what's the stock worth?? What about MSFT?? Let me tell you something, if CSCO becomes widely expected to have a slowdown in it's growth rate, NO 'big boyz' will be scooping the stock above the teens IMO.

DAK
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