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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 71.08+0.1%Nov 7 9:30 AM EST
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To: bambs who wrote (58136)2/28/2002 11:58:58 PM
From: Tom D  Read Replies (2) of 77397
 
Yeah, Bambs, why are you bullish on gold?

There are pretty widespread forecasts of an economic recovery in H2 2002, and it looks like the recession is milder that most feared it would be.

You were right about CSCO, and you were right about the swoon of the NASDAQ. So when you say something outlandish like gold going to $400, you start me worrying.

The only negatives I see are the inflationary impact of the 10 year tax cut on long term interest rates, and the likelihood of some sort of additional terrorist activities. I would expect these to be outweighed by a recovering U.S. economy, over $2T in cash on the sidelines, and modest inflation.

Please explain.

Thanks,
Tom
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