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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 76.28+0.1%3:59 PM EST
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To: Lizzie Tudor who wrote (67531)4/11/2005 2:54:57 PM
From: RetiredNow  Read Replies (2) of 77400
 
I don't believe this is a bear market, especially after two very good years in the stock market, but we don't need to have that debate, because the next couple of years will prove me right or wrong.

However, you said something that intrigues me about the visa program. What makes you think there isn't a visa program for doctors? Because there are plenty of foreign M.D. students in this country and there are plenty of foreign doctors. So I don't believe those jobs have been sucked away for a few reasons.
1) you can't perform a doctors job in India for a patient in the U.S.
2) The U.S. medical research industry is the most advanced in the world and the pay for medical researchers and doctors in general is still very good and will likely get better as baby boomers retire.
3) The bariers to entry for doctors is much higher than for engineers. Doctors need 8 years of education minimum and tack on a few years for a specialty after that. Engineers need 4 years minimum and 6 years to be widely respected.

Having said all that, if we could somehow persuade Chinese and Indian people to come here and be doctors for $50K per year instead of $100K+ ($100K min) per year that they earn now, I'd be all for it. Medical costs are out of the ball part in part due to the high cost of doctors, as well as the high cost of insurance. Why don't you think doctors salaries are coming down, even after the HMOs came online? I wish I knew the answer to that one.
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