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


To: fedhead who wrote (63862)5/6/2003 10:05:32 PM
From: Victor Lazlo  Read Replies (1) | Respond to of 77400
 
Anindo, being a permabear these days is very dangerous. It's also very unprofitable.

Being a permabear these days is just as bad as being a permabull in March of 2000.



To: fedhead who wrote (63862)5/6/2003 10:13:42 PM
From: RetiredNow  Respond to of 77400
 
That would be nice if we saw October lows again. When you're a buyer, lows are good, as long as they eventually come back up. :)



To: fedhead who wrote (63862)5/7/2003 5:15:55 PM
From: larry  Read Replies (2) | Respond to of 77400
 
I am sure that we will take out the Oct. low and go much lower before it's finally over. However, the best strategy nowadays is just to make quick trades mainly on the long side. The next significant drop probably will occur in the fall when traders realize that the promised recovery is just a phantom and then the fun should begin for the bears.

Can NAZ go back to 5000 before I retire in 30 years? I doubt it. It seems more and more likely we will do a Nikkei. But even Nikkei, which lost about 80% from it peak to recent lows, had several upswings that resulted in nearly a double within a year.

Random musing: We have a net loss of 2 million jobs in the last 2 years. We are supposed to create 150000 jobs each month to keep up with the increase in the workforce in the job market. That means we realistically have a loss of 5.6 million jobs in the last 2 years. And the government is telling us that the unemployment rate increased ONLY from 5.3% to 6.0% within the last 24 months. Am wondering why the overwhelming majority of people even believe in this kind of BS?

good luck,
larry