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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 73.99

+3.1%

Nov 12 3:59 PM EST

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To: Techplayer who wrote (23741)	3/19/1999 8:10:00 AM
From: Cynic 2005	Read Replies (2) of 77398

No that is not what I said. I said this market is a bubble and cisco, though a great company, got a bubble lift. When the bubble bursts, the economy will contract, credit will be destroyed, and consequently cisco stock price will get deflated too. It is not an individual observation on cisco, rather it is a big picture reflection on cisco. BTW, I don't expect all bulls who are salivating at 100+ PE (with questionable Es, of course) companies to understand these. If every one understands that this is a bubble, then it would have been too late. I don't expect every tom, dick and harry to believe (especially at market peaks) that this is a bubble.

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