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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 78.14

-0.4%

2:30 PM EST

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To: Elroy who wrote (70947)	8/27/2006 4:51:58 PM
From: Lizzie Tudor	Read Replies (2) of 77400

well Elroy, the problem is, stocks are supply/demand vehicles just like anything else, and the only thing GOOD about the US GDP is corporate profitability. Basically these corporations have cost-cutted themselves out of a MARKET for their stocks. That is why the stock market is so bad. Sure, oracle is profitable since they sent their entire workforce to india, but now wages in the US are collapsing due to this trend and nobody wants oracle stock. I think I already posted this chart here, but what is shows is what we all already know... that GDP is rising due to corporate profitability - only - and people's wages are falling like a rock. Its a toxic combination exactly the OPPOSITE of what we had in the 90s which created a booming stock market and high tax receipts. Message 22711393 Here we are back to the old trickle down nutcase theories which DON'T WORK.

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