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

To: GVTucker who wrote (54514)	8/15/2001 2:16:15 PM
From: larry	Read Replies (2) \| Respond to of 77400

GV, Well, the media played and still plays a great role of making consumers believe that whenever the Fed cuts, you have to mortgage your house to buy the stocks. CNBC and all newspapers interviewed numerous 2rd and 3rd tier money managers early this year, and all of them said "don't fight the Fed". And certainly things did not get any better because then Abby et al came out with more ridiculous predictions and led the average Joes to believe in a "V" scenario. I have been thinking all along that we will be lucky to get a "U" this time, and very likely a "L". In no way is a "L" priced in the market. The media and the analysts are still cheating the average Joes by printing out headlines like "AMAT easily beats estimate". But how? AMAT reported an operating loss of 3 cents last night and it was their interest gains (along with option gains) that saved their ass. And they made a prediction that next Q will be better because they can make 5 cents or more. From what? Interest gains will give then a 7 cent bottomline number anyway. I think that average investors should have the rights to sue these guys for providing very misleading information on their balance sheet and quarterly reports. Companies should provide two reports, and not include proma forma numbers in the headlines. larry