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

To: The Phoenix who wrote (45818)	1/3/2001 10:24:06 AM
From: michael97123	Respond to of 77400

Paul Krugman writes in the ny times today that growth is the place to be during a recession because growth/tech stocks should be viewed in terms of their long term prospects, nolt quarter by quarter. He also implies old eco stocks are overvalued as we enter a recession. The utility index pe multiple I believe is currently higher than intels. Barton Biggs says buy this dip(albeit after one more blowoff) for a 50% nasdaq move. I believe there will be a wall of stock at 3000 to overcome and that will take some time. Many folks will be back to even at 3k and want out. Who could blame them? If AG kicks in with rate cuts, not perceived as too timid, then we might get thru that wall. Nobody cared when naz corrected from 5k to 4k--we all expected it and were willing to take the hit rather than trade out an incur tax liablilties. It should be pretty easy for the bears to ride out a 2k-3k rally. Then we will reevaluate.