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

To: Tom D who wrote (61225)	9/6/2002 9:32:00 AM
From: RetiredNow	Respond to of 77400

Hi Tom, thx for the links. They certainly are something to consider. However, the gauge I trust most is ECRI. Check out what they have to say: thestreet.com Also, for me, I'm less worried about catching the exact bottom, than I am about dollar cost averaging and continuing with a steady savings and investment plan. What people don't realize is that timing the markets is extraordinarily difficult. People should have less faith in their own abilities in this area. I'm as guilty as the next guy of trying to time occassionally. For instance, I've been holding alot of cash for a long time, because I've been a little scared of the market. But now we're close to DOW 8K and I'm a little less scared, especially given what the ECRI says and my gut feel that we are in the midst of a sustained but modest recovery. So with that cash, I'm going to buy back in. However, I've never stopped by regular savings and investment plan that comes out of my biweekly paycheck and into my 401K and my account with my financial planner. That may seem foolish, but history proves that those who continue to invest steadily recoup their losses much quicker than those who stop investing and try to get back in once the economy has recovered. So anyway, good luck to you Tom!