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

To: Jacob Snyder who wrote (49727)	3/9/2001 9:45:38 PM
From: TobagoJack	Respond to of 77398

Hello Jacob, first the cheerleaders said the Old Economy interest rate generated downturn will not effect the New Economy investment boom, and now you say ... <<This downturn is specific to high tech and to manufacturing. I'm beginning to think we won't get a recession at all ... But, for hi-tech manufacturers, it's going to be a deep recession.>> presumably meaning the massive losses (several trillion and counting) in the new economy will not affect Old Economy banking, credit, investments, etc. There are no Old vs New Economy. <<Unemployment steady at 4.2%>> Nothing turns on a dime, certainly not the economy. Give it time for all the numbers to show badness, but at that moment, the stock indices will have "bottomed" already and resting on the _ part of L. Should you invest the way you might if believing this view, the ride may not be pleasant ... Message 15478772 Chugs, Jay