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

To: bambs who wrote (48697)	2/9/2001 3:21:38 PM
From: SouthFloridaGuy	Read Replies (2) \| Respond to of 77400

Public Apology: Dear Cisco longs, I am sorry for tormenting you since April about CSCO going down. I have realized that CSCO is indeed great company was fairly valued then and tremendously undervalued now. The reason it continues to fall is a huge conspiracy by the shorts to bring down the new economy. I realize that the stock market is the place to be during all periods of history...indeed, had i invested in the stock market in 1929 at 30 years old, i would have gotten my investment back by retirement with a couple of percent for good measure. Or had I invested in 1971, I would have still been breaking even by 1981. Even more poignant, how could I have been so dumb to think that the sector that has outperformed in the previous decade has never performed well in the subsequent one??? Tobacco and oil in the 70's, Waste Management and REITS in the 80's - they were followed by steep collapses. But no, technology is different. I was wrong, you were right. How could I be so ignorant and naive to think that inflation and opportunity costs of investing in other assets actually meant something? How dumb was my grandaddy for fearing the stock market, what a loser! Finally, I realize that we are in a new era. Things are different now and America's economy is superior to all others in the history of the world. We are superior to the Japanese because our savings comes from the stock market and housing instead of pure hard cash. The rules are irrelevant here. Interest rate drops always equal increases in the economy because that's just the way it is. Liquidity traps are theoretical B.S. and could never happen here even though they can happen in Japan and Asia post-98. Things truly are different this time and I apologize for my ignorance.