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

To: RetiredNow who wrote (60371)	7/21/2002 8:23:41 PM
From: Tom D	Read Replies (1) \| Respond to of 77400

MM, I just don't think anybody can predict the bottom or if/when there will be a recovery. I think there is more going on here than a healthy drastic correction. I am looking for some more good unconventional investment instruments. (Am currently 20% stocks, 20% bonds, 55% cash). Am about to put half of the cash into a municipal bond arbitrage trust whose goal is 10% annual return free of federal taxes (16% pretax equivalent). Already have some in an energy futures hedge fund. One of the problems here is that the corporate scandals are in the best political interests of the Democrats. I think the emphasis on these scandals won't let up until Cheney is forced to resign (or exonerated, although it seems like he'll probably fight this for a year or two and turn out to be guilty, causing significant damage to his party). Another thing is that Al-Queda terrorists have got to be very eager to strike again, considering (from their perspective) how successful they were on 9/11. No disrespect intended to all those who suffered or died on 9/11, but the terrorists have destroyed trillions of dollars of U.S. wealth and it cost them very little. By some valuation methods the S&P is still overvalued by 2 to 3 times. Particular given the risk of the economy spiraling into a recession. All that the bulls have in their favor now is the pessimistic sentiment. Economic fundamentals are solid but at risk of major deterioration. Tom