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


To: RetiredNow who wrote (59872)6/18/2002 8:04:55 PM
From: larry  Read Replies (1) | Respond to of 77400
 
Hey mind,

You are saying exactly the same thing that I have been thinking. I am looking for the final capitulation and begin to worry whether we will see one. The PPT's fierce interference with the stock market basically has prevented and will continue to prevent it from happening. Actually I think that they have made things much worse. Now we are in a bottomless market. And I am sure that the Fed won't abandon its game since they have gone this far.

95-96 were the years I love most about the market although I made much more $ during 97-99. Those 3 years (97-99)really turned me into a mania who seriously believed that the market had only one way go. I was lucky to withdraw by late 2000, though.

So what's your feel about Euro? I obtained a large long position in Euro about 10 months ago. I feel comfortable about it going to 1.1-1.2 within the next 6 months (it's 0.954 now). One currency trader on SI believes that it can go up to 1.50. I really really don't think that it will that far. Otherwise, the US economy is doomed.

larry!