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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 77.04

-0.5%

Dec 31 3:59 PM EST

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To: pfalk who wrote (67495)	4/7/2005 8:19:11 AM
From: RetiredNow	Read Replies (1) of 77400

Maybe. My own theory is similar, but slightly different. I think the cause of the oil spike was a couple things. Our deficits have definitely contributed to the falling dollar. In the Arab world, oil is denominated in dollars, which means when the dollar falls, they need higher prices to offset the lower value of the dollar. Then add to that the China and India consumption effect and you have higher oil prices. I think also the feeling that global oil supplies have reached Hubbert's peak may be contributing. However, all of this smells like a bubble to me. Oil may go higher over the next year or so, but I'd bet it will come crashing down soon after that. It's a commodity and I fully believe that the best cure for high oil prices is high oil prices, as the oil savvy seem to always say. When oil prices come down, stocks will soar. IMHO, the major root cause of low stock prices right now is oil. Everything else is a distant second.

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