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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 71.07

-1.4%

Nov 6 3:59 PM EST

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To: jach who wrote (22096)	2/6/1999 1:21:00 PM
From: Claude	Read Replies (2) of 77397

Jach, instead of pulling numbers out of your %**, why don't you give us a reason why the NAz will continue hurtling downward? Oh yeah I forgot - you said its going down because it went up! Wow some analysis there jach-o. Do you read anything or just right a bunch of crap all the time with no insight whatsoever? US productivity numbers are way up, consumer confidence is great, economy growing. This correction was supposedly caused by a fear of FED bias switching to tightening because of the economy heating up but nobody in the Fed has said anything of the like. All economic numbers are great, inflation has NOT reared its head yet, everyone is just having a hard time believing it can be this good. And yes I'll say the PE is high but lets face it, as more and more individual investors get in to the market, they will be willing to take more risk with their money than a third party. I think we have to face that this is a new era for stocks and historical valuations will be less seen especially for high growth tech stocks. Unfortunately I think this will also result in more volatility. .02 again Claude (rhymes with TOAD)

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