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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 76.07

-1.1%

Dec 1 3:59 PM EST

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To: fedhead who wrote (63862)	5/7/2003 5:15:55 PM
From: larry	Read Replies (2) of 77400

I am sure that we will take out the Oct. low and go much lower before it's finally over. However, the best strategy nowadays is just to make quick trades mainly on the long side. The next significant drop probably will occur in the fall when traders realize that the promised recovery is just a phantom and then the fun should begin for the bears. Can NAZ go back to 5000 before I retire in 30 years? I doubt it. It seems more and more likely we will do a Nikkei. But even Nikkei, which lost about 80% from it peak to recent lows, had several upswings that resulted in nearly a double within a year. Random musing: We have a net loss of 2 million jobs in the last 2 years. We are supposed to create 150000 jobs each month to keep up with the increase in the workforce in the job market. That means we realistically have a loss of 5.6 million jobs in the last 2 years. And the government is telling us that the unemployment rate increased ONLY from 5.3% to 6.0% within the last 24 months. Am wondering why the overwhelming majority of people even believe in this kind of BS? good luck, larry

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