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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Dealer who wrote (38209)	6/26/2001 3:34:32 PM
From: Jim Willie CB	Read Replies (2) \| Respond to of 65232

dont intend to be sneid, but with 20c in fy02 and growth very questionable at this point... wouldnt a forward PE of 30 be generous??? and CSCO reasonably priced at $6 per share??? even if eps comes to 30c, then $9 per share at 18, it still shows almost a 100 PE hard to fathom in this imminent recessionary environmt stories like this convince me that turnaround bottom not imminent several factors are keeping stocks up::: - plenty of investment potential capital among boomers (not going away) - end of Cold War (less wasted investment, recessions are briefer) - Faith in Federal Reserve to forestall entire world economic slowdown (certainly will be a positive force, but the world has a big economy) / JW