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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Nick who wrote (26303)12/20/2000 2:28:04 PM
From: Jim Willie CB  Read Replies (2) of 65232
 
CSCO window undressing in progress
peratio is 86
but expect future earnings guidance to come down
so it is probably closer to 100

its growth rate is around 50%
expect that to come down to 35%
so its PEG is something like 3.0

at CSCO=36 it looks cheap
last night with a friend I thought it would get to 30
and maybe a little lower briefly

we are watching an unprecedented bear market
it is signaling a secular bear, with economic recession
why is that so hard to admit?

more unemploymt, excess inventories, negative GDP qtrs
more failed Dot.coms, more company bankruptcy, more personal bankruptcy

/ jim
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