Pessimism has won many heads over during this bear market for the Nasdaq. It's strange how with all these smart folks out there performing dcf and all other types of like calculations, that CSCO hasn't reached single digits yet. I'm not saying it won't happen, but what on earth has held it up this long? It's surely not faith in Chambers as that disappeared long ago. It's surely not handing out options like candy. Maybe all the talking heads, who just happen to release their latest analysis after the latest market research reports come out, don't have a clue about what's happening in the market. That happens to be my opinion, not that my outlook is any better than theirs, just different. The companies who have no future are fairly evident when you look at their price and dire situations, NT and LU come immediately to mind. JNPR is down 96% from it's peak. I've watched the competitors wither with sales down massively while CSCO manages to maintain flat to slightly positive revenue growth during what can only be called a depression worse than 1929 for the telecom sector.
Personally, I can't call a mutual fund holder an investor. Funds are for morons who believe that someone will take better care of their finances than they would themselves. Please don't point to historical returns on indexes as history obviously can't repeat itself like the talking heads claim. If it did, take a look at the return on the nasdaq over the last 9 years. Not even a double, i.e., less than 8% annual return, as compared to a historical 10% return, yet supposedly the "smart money" calls the market massively overvalued. I guess the US economy will never recover. Might as well start digging a shelter and stocking it with canned goods for the future presented by bambs and his/her ilk.jmo. |
