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


To: t2 who wrote (44127)12/5/2000 11:21:23 AM
From: bambs  Read Replies (1) | Respond to of 77400
 
I agree that we are seeing a nice pop in garbage stocks....

This market is up on stupidity

it won't be long until we get back to the business of lowering guidance and missing earnings.

Greenspan talked of many bad things..but the market is too dumb to listen.

warned of high energy prices hurting earnings

warned the financials lent too much money in the last few years

warned that they lent with lending standards that are were too low.

said the economy is slowing and we must be careful that we don't slow too much...(worry about recession)

this list goes on...

but people just love to buy when he speaks...mainly cause the are too dumb to understand greenspeak.

as people translate the greenspeak into plain english over the next few hours i think this rally will run out of steam.

the macro economic factors out there aren't getting better yet...they will get worse...christmas will prove to have poor sales and poor earnings as companies slash prices.

bambs