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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 71.75-0.5%3:59 PM EST

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To: Yaacov who wrote (49645)3/8/2001 7:36:29 AM
From: Jimbo  Read Replies (1) of 77397
 
Yaacov - re your list I particularly like #5

5. stocks are cheap, and the greed kicks-in.

Not so much the "cheap" comment - because I still think tech stocks are somewhat overvalued - but the greed factor - pure human nature - we saw it in late 1999 - early 2000 folks were jumping in hand over fist - taking a 2nd mortgage, using credit cards etc. (irritional exuberance) IMHO this will return not to the degree we saw it but to a lesser extent. Those balances folks have in money market accounts are at 2 trillion+, as interest rates come down folks aren't going to live with money market rates.
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