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

To: Stock Farmer who wrote (61228)	9/8/2002 3:00:27 PM
From: RetiredNow	Read Replies (2) \| Respond to of 77397

Well, shoot, John. I hope you are wrong. Because if you are right and we are in for 10 years of sideways trading, then I'm going to be very disappointed 10 years from now, when I'd like to retire and I find I don't have nearly as much money as I had planned on having. :( Problem is I don't have full time to focus on finding good stocks myself and I don't trust most of the stock brokers I've met to do it for me. So I'm stuck taking a hybrid approach. Limiting my stockbroker/financial planner risk by allowing him to choose which mutual funds I invest in, rather than which stocks I invest in. Also, I make sure he has me well diversified and allocated. Anyway, here's hoping you're wrong and that with the economic recovery we get some good growth that helps justify the prices we see today.

To: Stock Farmer who wrote (61228)	9/8/2002 6:11:59 PM
From: chaz	Read Replies (1) \| Respond to of 77397

John... If forced to bet for gains, then I'd be placing my money in the primary market rather than the secondary market (e.g. put my money in real enterprise). And indeed that's where my time and energy is now focused. Would you be willing to expand your thoughts on this. I am not sure what you mean by "real enterprise", "primary market", "secondary market". I do understand the general theme...stocks overpriced, and I agree. I also agree averaging down is a fool's errand. That we have an 8,000 Dow doesn't mean we cannot also have 7,000 or 6,000 or 5,000. Naz at 1,200 looks like a bargain only when you compare it to 5,000. Stick in a few current numbers, esp. those relating to real profits, and I can't find one tech that looks good to me. Chaz