Cisco Systems, Inc. (CSCO) Message Board

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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 76.11

+0.9%

Nov 21 9:30 AM EST

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To: bambs who wrote (47830)	2/3/2001 10:43:35 AM
From: Wyätt Gwyön	Read Replies (3) of 77400

I don't know what they'll do this quarter, but I don't think the near term or medium term are bright. The market agrees that the near term is poor, but is holding up the stock on the hopes that the "great second half" hope will become reality. Well, we should at least make a note that the prevailing belief at the beginning of 2001 was that the second half will be great. This outlook should be reviewed from time to time. As for negative savings rates, I'm not sure what it's all about. Lots of people taking capital gains have to pay the taxman a lot of dough, so they show up as negative savers. These people are not the concern, though. I am rather more concerned about the high leverage of your average consumer. I don't know what the weighting is between (a) the high-net-worth negative saver (basically a statistical negative, but a wealthy person in reality) and (b) the overleveraged consumer. That would be one key to a better understanding of this issue. It seems the bulls always talk (a) and are dismissive of the negative savings rate, while bears talk about (b). I would like to know how they balance out.

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