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

To: RetiredNow who wrote (55055)	9/7/2001 11:40:45 AM
From: larry	Read Replies (1) \| Respond to of 77397

Hi mind, Sorry for not getting back to you earlier. I am not saying that CSCO is not going to dominate in the next generation. They might, but there are lots of uncertainties out there. It's not a bad idea to buy at current level. We are at least close to 70% down from all time high, so there is definitely less risk here, and long term risk/reward ratio might favor reward. And technically, we are close to the April low, so a technical bounce is very likely from the so called 'oversold' level. Now the bad. I think DOW 9500 is too richly valued. Just like kv pointed out, it's more of a psychological issue. When it broke, watch out. My personal target on this thing is 7.5-8 k before it's over. But the fair value probably won't be reached until it goes down to at least 5k. Just look at what kind of P/E Coke spots. Ridiculous. You will likely see a Naz rebound to 2k. But my gut feeling tells me that it won't be over until we get to 1200 level (my previous target was 1400 some 7 months ago). Too much trouble ahead. It's not that US economy is going to hell, but the whole market is priced in for a rebound and fast growth ahead. I just don't see that happen within 2-3 years. It's likely that we will be static for the time period, maybe meager growth. But that won't support current valuation, by a mile. BTW, I was planning to purchase sth for the long run, but have decided to hold. It's not worth the risk. enjoy, larry!

To: RetiredNow who wrote (55055)	9/7/2001 12:29:10 PM
From: Eric	Read Replies (1) \| Respond to of 77397

MM Well the unemployment report doesn't surprise me since unemployment usually peaks a few months after a bottom in the economy. The only problem is we don't know yet if we truly have reached a bottom until after the fact. Inflation is dead and commodities are going lower here for at least the next year. I wouldn't want to own Gold, Silver, Platinum at this juncture! Eric

To: RetiredNow who wrote (55055)	9/7/2001 12:44:27 PM
From: RetiredNow	Read Replies (1) \| Respond to of 77397

Why Japan's Crash Won't Happen Here: biz.yahoo.com

To: RetiredNow who wrote (55055)	9/7/2001 12:54:47 PM
From: Kenneth E. Phillipps	Read Replies (3) \| Respond to of 77397

mindmeld, lowering interest rates will not help unless the money is invested rather than saved. What I am seeing right now is the money derived from tax cuts and lower interest rates is being saved rather than invested. Look at the interest in fixed income securities. The fear caused by the decline in the economy and stock prices may persist and prolong the problem.