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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 71.08

+0.1%

Nov 7 9:30 AM EST

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To: Clint Todish who wrote (18233)	10/16/1998 1:23:00 PM
From: RetiredNow	Read Replies (2) of 77397

The journalist are just plain stupid. Earnings surprises outnumber earnings disappointment 3 to 1. All the majors have announced excellent earnings and forward guidance: INTC, YHOO, AAPL, AMD, RMBS,BRCM, etc etc etc. What's happened is that a confluence of bad news factors have conspired to crash the market and now when the market comes back up to more reasonable levels, not too high not too low, the media decides that the market has overreacted to the Fed's rate cut. Bullshit. The market overreacted on the downside and is now adjusting back to reasonable levels. The media talking the market down is just stupidity. But hey, that's what they are good at. The day before yesterday I read an article that said the market is down because of all the poor earnings being released by companies. The next day the dow went up 330 points and an article by the same company came out saying that earnings surprises outnumber disappointments 3 to 1 and the market is doing well. What bullshit!

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