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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 71.08

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3:59 PM EST

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To: RetiredNow who wrote (60732)	8/6/2002 9:14:05 PM
From: Tom D	Read Replies (3) of 77397

I read it. MM, by historical measures, the market is still overvalued by about 100%. What do you think? You may find solace in viewing this market in a historical context. But from a historical context, the trailing P/E ratio on the S&P 500 is about twice what it should be at this point in recovery from a recession (should be about 12 or 13). Besides being overvalued by historical measures, the current market valuations do not factor in a double dip (if we're going to get one). Nor do they factor in future terrorist attacks. Nor do they factor in a Cheney resignation from office for his role in overseeing the accounting fraud at Haliburton. slate.msn.com What is your investment position? I am 10% stocks, 25% bonds, and 65% cash. Am too risk-intolerant to reenter the markets. I am planning to sit on the sidelines like this for at least three more months and maybe more than six months. Tom

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