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

To: RetiredNow who wrote (54511)	8/15/2001 12:39:30 PM
From: larry	Read Replies (2) \| Respond to of 77400

Come on, it's too late to short the market now (although it might fall another 30-40% from current level based on valuations for both Naz and Dow). The best solution, like I gave out 8 months ago, is to quit trading, or at least put 90% of your cash in bond or CDs. At least in that case, you don't lose money. I still have an account for stocks. I did not trade between last Oct. and this Apr. Made 40% since April low, but I think that it's just for fun. There is no way I will put the $$ in the stock market now. let the money manager play with my 401K account and that's it. The hyper growth days are over. Valuation rules. But CSCO is sure to test single digit if NAZ retreats to 1100 level, which I believe is doable early next year. A retest of 1600 is a done deal. The traders on the street want volatility. If they don't get it, stocks have only one way to go. And more and more people are realizing that rate cut is not working this time, probably making it 2 out of 14 times in the last 70 years that it did not work. But nothing is surprising because AG himself said that rate cut is not going to save a BUBBLE in the early 70s. I am guessing that he probably already forgot what he said 30 years ago. He is getting old and probably is having a bad memories now. larry!