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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: abstract who wrote (47853)	2/21/2002 9:41:56 AM
From: Cactus Jack	Read Replies (3) \| Respond to of 65232

abstract, I meant to say that there's gold in them thar hills. jpgill

To: abstract who wrote (47853)	2/21/2002 1:44:55 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 65232

finally happened, prediction made March2001 best recollection: this tech wreck decline will not be over until a dozen or more major bigname tech stocks are selling for single digits, could be several months, could be a year under $10: CIEN, JDSU, GLW, JNPR, EXTR, SUNW, LU, NT (it was Juniper and SunMicro that woke me up) soon to happen perhaps: NTAP, EMC, CSCO Cisco is still my barometer for upcoming kicks in investor nuts it is a $5 stock trading for $15 which will require at least five years of growth to catch up to simply "lofty" valuation from "insane bubblishious" valuation now how this charlatan growth stock has eluded the incisive scrutiny of Wall Street knives, is beyond me as Porter of Harvard BSchool said, Cisco's growth is probably substantially less than believed, but very difficult to measure I say the tech decline is just about over the NazComp and QQQ are surviving a Sept low retest we got a run from here to September probably will require short skirts and spring floral dresses to inspire the rally just like last year nothing like the thought of sex to open a wallet down the line, I fully expect the Federal Reserve under GreenScrotum's brilliant (NOT) aegis to raise interest rates much later this year EXACTLY when consumer spending is about to droop thus compounding the likelihood of a serious DOUBLEDIP into a real recession interest rates via the bond market are likely to rise from here to summer's peak and GreenSlamm will be led to raise shorterm rates in unison I hope the little gnome resists raising rates all year long by real recession I mean a nominal recession with sizeable GDP drops for consecutive quarters which is pockmarked by big declines in auto sales and house sales, something we have not witnessed whether we like to hear it or not, the AlQaeda attack on NYCity forestalled the big recession the upcoming recession is built upon the more encompassing investment cycle characterized by high debt, excess products, excess capacity, and low inflation we havent seen this kind of recession since 1930 and we got it in spades now absolutely no resemblance in this slight recession to any post-WW2 recession how is the wind off the lake ? / jim