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

To: yard_man who wrote (52870)	5/13/2001 10:59:15 AM
From: RetiredNow	Read Replies (2) \| Respond to of 77398

Hi all, the following is an interesting article, which I believe is dead on: dailynews.yahoo.com Basicly, I think the Fed is trying to avoid a recession right now by pumping up the money supply. Instead what he'll do is give us another pop in the market. Then when that pop fizzles out, market forces will bring us right back down to play out the excesses of the last few years. My thought is that you can't avoid it. You can delay it, but eventually the down cycle has to play itself out. That's what worries me. Alan doesn't want to go down in history as the man who destroyed the longest bull run ever, so instead he's making a last ditch effort to save it, which will make the coming recession even worse by aggravating inflation. It's like curing a hangover by sucking down a bottle of vodka. Anyway, I hope that doesn't happen, but we'll see. Something I'm considering doing is waiting for this coming bubble to peak (maybe September), then reweighting my entire portfolio of mutual funds and stocks more defensively. In other words, much more weighting in mutual funds like banks, brokerages, healthcare, insurance and energy. Historically, I've been about evenly weighted among those and tech (including biotech), which means the last year hasn't killed me at all. But I'm starting to think wealth preservation isn't a bad idea going forward, and that means less tech. How sad. Tech is what interests me so much too. Of course, you guys will still see me on this thread, because the individual stocks I own total a miniscule portion of my total investments, so I don't plan on selling anything in my brokerage account. Anyway, I just thought I'd share with the thread, some of my thinking. If any of you have other thoughts or comments, I'd love to hear them. Good luck all!