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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 77.02+3.3%3:59 PM EST

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To: RetiredNow who wrote (71008)9/6/2006 10:00:58 PM
From: zekecisco  Read Replies (2) of 77400
 
Do you think my reasoning is too optimistic?

Yes, oil has been doing well coming up on 2 years. Generally a good oil cycle lasts 7 years so depending on how you count oil prices will stay relatively high for the next 4-5 years. I do not see oil dropping below $50 per barrel.

I work in engineering design related to oil refineries so career wise oil prices being high is a stable working environment. However, I agree with you, stock market well not take off til HDTV & VOIP gets here AND with lower energy prices.

Zeke
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