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

To: SouthFloridaGuy who wrote (60368)	7/20/2002 10:24:19 PM
From: RetiredNow	Read Replies (2) \| Respond to of 77400

Too many of the pessimists are counting on a Japan style recession. I know it's easy to think it's inevitable, especially when one makes a habit of reading goldbug columns, but like I said, I don't believe it will happen. For one thing, demographics say 2003-2008 will be years in which boomers spend heavily, driving up markets. For another, all economic indicators are pointing up. For one more data point, company profits are looking really good this quarter. It's funny that in the bubble days, you heard lunacy like 20%+ returns are here to stay and the business cycle is dead. Now I hear the same type of lunacy that says that dollar cost averaging and long term holding is a dead discipline. Those people couldn't be more wrong. As a person who studied portfolio management and a heck of a lot of statistics in my younger years, I have to say that in times like these, dollar cost averaging and long term holding are precisely the two disciplines that will bail our sorry butts out of this downturn. You and Bambs are looking good now with those very prescient calls you both made a couple years ago. But those who start buying now or in Sept and Oct have a very good chance of looking just as smart in a year or two. Our economic system is not dead. It's just gone through a very healthy and drastic correction. Don't get caught up in the pessimism. It can cost you those nice gains you've made in the last couple of years. Anyway, good luck with whatever route you take.