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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: Eski who wrote (38363)	7/15/2000 10:28:58 PM
From: bambs	Read Replies (3) \| Respond to of 77400

great post! 50% off will be coming to the NASDAQ, DOW and S&P. It is just a matter of time until the market crumbs. As a daytrader I play the upside with the down but as an long term investor I am in bonds for now. I have advised my parents to get out of their mutual funds and all equities. Anyone that is close to retirement should not be in this market. The potential upside gain is not worth the risk at these levels. If the 50% off does come in the year or so (as I am sure it will) it will take 10 years more to get that money back based on historical norms. Those that go to bonds now and wait five years will be way ahead in five years and they will sleep well during that time. The only thing to consider is what to do just after the crash. The fed will have to lower interest rates back to 3% and live with the inflation. When the market does tank one must will have to act quickly to protect themselves from inflation. But, you will have more then twice as much money as those that stayed in the market. Bambs