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To: Walter Xie who wrote (8781)1/10/2001 11:45:47 PM
From: Boplicity  Read Replies (3) | Respond to of 13572
 
I just posted this elsewhere. This my take. I believe CSCO is a like the Rosetta Stone for the market. The key stone if you well. Many investor, big and small, know CSCO well and they also looked to CSCO as indicator of the general market's health. So, if the stock action in CSCO can absorb the current economic and market conditions, with out too much continued selling, then maybe, just maybe, the market is beginning to come to terms with it. <<Also, the market seems to be starting to look over the horizon to more reduction in rates and the good possibility of tax reduction too. It's that Teflon like window I mention last week. Where the market will take negative comments, such as CSCO's CEO made, as being priced in already. Tax and rate reductions are like a reprieve, both are very powerful in turning market psychology. Furthermore, we are as about as far as you can get from put up or shut up time. So this rally could have some legs.

Greg