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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 76.22+0.1%3:59 PM EST

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To: RetiredNow who wrote (67511)4/11/2005 12:20:53 PM
From: Lizzie Tudor  Read Replies (2) of 77400
 
I think Lizzie's coming from the school of thought where they believe that programmers have a God given right to be immune to market dynamics.

WRONG- I'm a realist. I know that if the US opened up a visa program for say, doctors- the profession as far as the US being a haven for new research etc would die for doctors. Same for teachers or any profession. And I also know, that if your economy rests on a bunch of new industries, and the optimism in those new industries is largely fueled by job opportunities, and you take those away... the optimism goes, and when the optimism goes, THE STOCK MARKET GOES.

Still think this is a bull market people? Its not all oil btw. It is the fact that the middle class is seeing their wages erode, and the oil problem is certainly exacerbating it. But even if we didn't have the oil problems, this would STILL be a bear market.
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