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

To: kvkkc1 who wrote (44651)	12/15/2000 5:47:15 PM
From: bambs	Read Replies (1) \| Respond to of 77400

Nas lost 50% this year...It will go down 50% next year... Now the difference next year is the dow and s&p will be chopped down hard. The pain level will be much higher next year...it's one thing to give back quick easy profits...next year real pain in the markets and the economy. bambs

To: kvkkc1 who wrote (44651)	12/16/2000 11:44:38 AM
From: SouthFloridaGuy	Respond to of 77400

<<In order to be equal to this year's selloff, the market would have to go to 0. >> That's not an asinine statement at all. In fact, your statement is and shows a total lack of knowledge of basic math and finance. For the market downturn to equate to this years in pain level, the market would need to fall an EQUIVALENT amount not an ABSOLUTE amount. In addition, in economic terms it is well known that the last leg of the drop is the one that affects the economy the most. Think of it this way: the move from 5,000 to 2,650 is like a flesh wound - sure it hurts - but you'll live. The move (I don't think it will be this bad) from 2,500 to 1250 is the flesh wound plus a stab into your lungs, heart, with a gunshot to the head to top it off. Personally, I think the WORST it will get is 2000 - still another 20% and with repercussions that will lead to a consumer recession. The possibility does hold for a move to 1500 in the Nasdaq. Will it happen? I hope not. Can it happen? Anything is possible.