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

To: tradermike_1999 who wrote (54454)	8/9/2001 10:39:58 PM
From: Patrice Gigahurtz	Read Replies (2) \| Respond to of 77400

Just my 2-cents but I think with trading vol down that the rest of the year is going to be minor blips up+down and no meaningful direction, much like the DOW did in 2000. Everyone has just about given up on a 2001 year recovery, it's bets being made for 2002 that fuel any buying now. Look at today's action, when the market tanked the buyers came in and I doubt they are expecting to make $$$ until some time next year. I think however that a true recession has yet to be discounted in the markets and so if we see a few qtrs of negative GNP then all bets are off as MrG only has 3 3/4 % points to ZERO (ala Japan)!