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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 72.10

+1.4%

Nov 10 3:59 PM EST

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To: SirWalterRalegh who wrote (77071)	8/17/2012 7:38:58 AM
From: RetiredNow	Read Replies (1) of 77397

* continued massive corruption in the financial industry (Corzine, LIBOR, TBTF backdoor bailouts, price manipulation of bond and stock markets) with a President intent on prosecuting NO ONE and sweeping the corruption under the rug...this means no one can trust the markets....Corzine stole money and he'll stay a free man retaining all his ill-gotten goods....Geithner and the US Treasury were complicit in LIBOR rigging and so were many of our US TBTFs and they will sweep that under the rug as well...the looting of the 99% by the 1% and this administration will continue unabated * continued unsustainable intervention in markets through massive bond purchases by central bankers and ponzi-like activity such as borrowing from bank A to bailout bank B and then borrowing from bank B to bailout bank A * upcoming fiscal cliff ($1 trillion in planned tax increases and spending cuts unless Congress does something...even though they will do something, we'll get 3 months of turmoil while they dither about it) * upcoming US election that's driving massive uncertainty...fiscal conservatives worried that Obama will keep Bernanke who is intent on endless money printing and bond market intervention....Romney has stated he will get rid of Bernanke....uncertainty about the Fed's future leads to market uncertainty, since this market is an air bubble inflated by Bernanke * many MANY US economic indicators have deteriorated and continue to deteriorate, despite massive bailouts and intervention....we're in a recession, but they just haven't called it yet The bottom line is that this stock market is floating on air. The only thing holding it up is high frequency trading activity combined with the hope for endless Fed bailouts. There has been a steady outflow of retail investor money for the past couple of years. When the bubble pops, we'll get a correction. I'm thinking sooner, rather than later.

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