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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 74.59+0.3%Jan 23 9:30 AM EST

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To: Ed Robichaud who wrote (15548)8/2/1998 1:50:00 PM
From: Joe Sabatini  Read Replies (3) of 77400
 
The truth is, nobody can say for sure where the DOW will be in 1 1/2 years, or even next month for that matter. What we do know is that the flow of monies into retirement accounts will continue unabated. This is pretty much the only 'certainty', IMO. We do not know what MM's will do with new cash flows, we do not know how the Japan situation will play out, we do not know what the full impact of Y2K will be, we do not know if the Fed will have to raise rates, we do now know if there will be an impeachment, we do not know if new arms races will escalate into war, etc.

Off this topic: does anyone happen to know what Standard and Poors says is the fair value of Cisco?

Joe S.
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