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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (76351)	2/21/2000 2:44:00 PM
From: Don Lloyd	Read Replies (1) \| Respond to of 132070

Cisco???? "This market may be frustrating and plenty difficult to trade, but it's easy enough to hate. The rallies look like hell, breadth has been shrieking "disaster!!!!" for months, and key bellwethers like Microsoft and Dell look like they've just about had it. That leaves Cisco alone to carry on its broad back Wall Street's burden of dreams. But I doubt even that can last for much longer. Factor out the tax finagling in the company's last quarterly report and it brings you inescapably to the conclusion that earnings from growth have turned flat. This is a first for Cisco -- ever -- and its implications cannot have eluded the steel-trap minds of the Street's best and brightest. They are undoubtedly scudding quietly toward the exits now, even as the herd awaits the fresh burst of energy that presumably will carry Cisco above the all-time high that was notched last Thursday nine points above current levels. The stock has been flagging steadily lower for a week, but if and when it finally looks to be getting traction, I'll be a cautious bull at best. Concerning the vast universe of other stocks, unlike Cisco they are beyond rationalizing...." "...The Associated Press put out a story on Wednesday that said $1.60-a-gallon regular gas is on its way. It's been higher than that in the past, of course, but never in the past were there so many Winnebagos and four-ton passenger cars on the road. "It certainly does hit you in the pocket," said one Lydia Gamos to an AP reporter as she filled up the tank of her Honda with $1.45-a-gallon fuel. Okay, the fat cats won't feel the pinch, even if gas goes to $3.00 a gallon. But even in these prosperous times, there are 50 Lydia Gamoses for every fat cat. And that's why we should worry when the likes of Lydia tell us, as she did, that she plans to cut her driving "to just the minimum...at least until it gets a little cheaper." Lydia lives at the margin; Lydia is the U.S. retailer's mine canary, if not yet Wall Street's...." gold-eagle.com Regards, Don