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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 78.030.0%Dec 24 12:59 PM EST

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To: Wyätt Gwyön who wrote (49000)2/16/2001 7:27:10 PM
From: bambs  Read Replies (1) of 77400
 
Get ready for GDII

The Great Depression II is coming to a country near you.

the fall out from this bad debt will be huge. can you believe that these bank stocks are flying around and the dow is near 11k while LU, AMZN, PG&E, XRX and every crappy little clec is on the edge of chapter 11?

telco industry over 425 billion in debt. 200+ junk status now. Who will eat the debt? Who's money market fund will blow up? Will money maker funds get wacked over the next couple years? Will the "cash on the sidelines" go to money heaven in garbage money market funds?

Who knows?

Year end calls (at best)
Dow 8000
S&P 900
Nasdaq 1500

bambs
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