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

To: larry who wrote (56010)	10/18/2001 4:14:59 PM
From: RetiredNow	Respond to of 77400

Well, I think things WILL get worse in the economy in the next 3-4 months. For one thing, it will become clear that we are in a recession and the technical definition will have been met by the end of this year or first quarter of next year. But I don't think the stock market will get much worse. We'll have fluctuations, sure. In fact, I think this most recent two week rally may be a headfake, which means we may give up those gains in the next few months. However, mainly I see us trading mostly sideways (with lots of ups and downs) until second quarter of 2002. Then the recovery will be apparent to all. I have a lot of faith in the Fed's efforts to pump money into the economy and the gov't tax relief and increased spending efforts. These efforts will inevitably have a good short term affect on the economy. My only worry is that the long term is being mortgaged for the short term. This will manifest itself in lower long term economic growth rates and potentially inflation in the long term. But I guess we'll see. Whatever happens, I'd like to retire in 10 years. To do that I need to double my money just one more time. So no matter how you slice it, my wife and I will be ok, but I'd prefer it if we exceeded that goal. Anyway, I wish us all luck.