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

To: RetiredNow who wrote (53043)	5/16/2001 1:03:44 PM
From: SouthFloridaGuy	Read Replies (1) \| Respond to of 77400

Just using technical and sentiment analysis - certainly no fundamental analysis can justify triple digit PE's. Look, I am not so stupid to fight the Fed in the short-term and thus I covered my newest shorts with breakeven to slight profit placed from post-April 18th (Last Fed cut). But I continue to say that what they are doing is very, very destructive to the long-term health of the US economy. Continuing to let mindless speculation and malinvestments to accumulate is not appropriate policy - especially at the expense of the Price Level which is rising rapidly contrary to what fudged government statsitics claim. The Fed should realize that the long-term result of a bubble is always the same, no matter how long it's kept in suspension. The best example of why I am right in the long-term are the current breakout moves in many gold mining stocks. And the piper will be have to be paid, that's for sure. It's not going to be as long as some people think either - certainly no more than 6 months, IMHO. I highly doubt we'll see the Nasdaq go past the 200 day MA (something I mentioned before); however, the markets are so oversold that the 200 day MA is another 25%.