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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 76.94+1.1%Nov 28 9:30 AM EST

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To: RetiredNow who wrote (63227)3/12/2003 1:19:56 PM
From: larry  Read Replies (1) of 77400
 
mind,

Do you honestly believe that the economy will go back to the right track if the war worry is behind us? I don't think so. And also be ready for the REIT bubble to burst sooner than you expected. I will be very surprised if we don't get into a full blown recession within the next 2 years.

The DOW is on its way to sub 6k, or even lower. However, I am sure there are at least 2 very tradable rallies before we finally get there. So my advice is again trade the rally, and use the gain to purchase bonds, or houses by cash (I know, but rental income is still cool and as long as I can hold my real estate property, I don't care about depreciation). I did that the last two years, and am planning to do it again soon, and also late in the fall when I believe our beloved NAZ and CSCO will be around 1000 and 10 respectively.

I guess that the next rally should happen around DOW 6800-7000. Should be very tradable and bring DOW to close to 8k. Sell everything and wait for the usual weakness in the fall.

good luck,
larry
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