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Technology Stocks : LSI Corporation -- Ignore unavailable to you. Want to Upgrade?

To: uu who wrote (24061)	8/24/2001 12:56:59 PM
From: sea_biscuit	Read Replies (1) \| Respond to of 25814

Thus far it has been the case that over the long term stocks have set higher lows and higher highs. And the period in which stocks remained at their lows has decreased from the previous down cycles. And you dont have to take my word for it, just go go back to 1901 all the way to this date). It has also been the case that stock prices have gone through extended periods of time making no progress. I am talking about durations of 15 to 20 YEARS. You don't have to take my word for it either -- just go back to 1901 all the way to this date. At this time growth stocks (in my humble views) are the likes of CSCO, VTSS, CIEN, LSI, MSFT, INTC, etc. Sure they are down now, and who knows 30 years from now they may go down again If they still exist after 30 years, that is. My point is that all the above stocks are still priced for a quick and strong recovery, and that means they are still overvalued. When the realization dawns on the investors (this could take as long as a year from now) that the recovery is going to be neither quick nor strong, there is a lot of room for these stocks to fall in the next year or two. If you are very lucky, they will go nowhere. But you have got to be very lucky for that to happen. I don't pay much attention to days like today. They mean nothing in the overall context. After all, something like 9 of the 10 biggest up days ever in the Nasdaq, have happened this year. And yet, where are we YTD? Down 25%! That is how bear markets work. They don't scare you out. They lure you, they tantalize you, they snare you, and they wear you out.