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

To: kvkkc1 who wrote (61546)	10/1/2002 8:53:15 PM
From: RetiredNow	Read Replies (1) \| Respond to of 77400

Well, I agree with much of what you say. I bet Cisco doesn't reach $80 for another 15 years or more and only if they can actually learn how to increase earnings faster than they dilute the company. However, what I don't agree with is your assertion that much of the money was lost BECAUSE people dollar cost averaged. On the contrary, most people lost alot of money because they didn't diversify. It does no good to dollar cost average all of your money into technology. How dollar cost averaging helps is if you are diversified across asset categories and sectors. So for instance, my portfolio has just about every sector you can think of (except precious metals) as well as large, medium, and small, value and growth, international and domestic stocks. I also own some bonds and convertibles. That is diversification for you. Also, I don't own Cisco. :)

To: kvkkc1 who wrote (61546)	10/1/2002 9:25:34 PM
From: Victor Lazlo	Read Replies (1) \| Respond to of 77400

<< The economy is already in a "recovery" according to the talking heads. I agree that it will eventually come, but before it does, how low do stocks go? >> The market will recover before the economy does. The market always predicts the economy. So this continuing bear mkt clearly indicates that the economy is going to get a lot worse soon. << These folks are getting soaked. They're a big percentage of that vanishing $5 trillion. They may get some of it back, but I don't know if they'll ever get back what they put in. >> Oh c'mon! You and I both know that the morons who run institutional money were big losers in the market selloff. Huge money was lost by institutions. Many individuals still had most of their retirement money in money market and bond funds in 1999 and 2000. That is a fact.