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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 78.34-0.1%Jan 30 3:59 PM EST

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To: Lizzie Tudor who wrote (70948)8/27/2006 5:02:00 PM
From: Elroy  Read Replies (1) of 77400
 
So your theory is employees collectively are getting paid less so no one has the fresh money to buy the stocks? Seems a stretch. Wages falling like a rock isn't what I hear about the job market from anyone I talk to, although I am a bit removed. Even if its reasonably accurate, investor buying interest in stocks can cause them to take money out of other assets and put it into CSCO, share price increases don't have to be driven by CSCO employee purchases. Some guy somewhere runs a pension fund and decides CSCO stock looks better to him over the next 1-2 years than the 1-2 year local muni bond which he already owns, and voila, buying interest in CSCO, regardless of your payroll numbers.
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