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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 76.93

+1.1%

Nov 28 12:59 PM EST

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To: Victor Lazlo who wrote (60365)	7/20/2002 10:10:59 PM
From: RetiredNow	Read Replies (1) of 77400

Thx. We all need any luck we can get nowadays. This year is the first in many, many years where I have put so much of my money earmarked for savings from all my paychecks, into my checking account instead of into investments. However, after watching this year's slide, I'm more confident than ever that we are very close to the bottom. All the major Index's PEs are very close to historical averages, which means we have regressed to the mean. A lot of people think we have overshot to the downside, but looking at historical averages, I'd say that no, the market has shot right back to where they should be with a great deal of accuracy. The risk adjustment for terrorism and corporate malfiesance is here to stay until both of those become more rare. Anyway, like I said. It's hard to catch a falling knife, but I'm going to start taking the money I've saved in my checking account and invest it in the market starting in September. The market will most probably start moving up as real (stock option adjusted) profits start showing up. This quarter, we're already seeing that happening. money.cnn.com money.cnn.com Good luck all!

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