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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (19456)	2/3/2004 2:14:12 PM
From: Logain Ablar	Read Replies (2) \| Respond to of 57684

Markets are just looking for a reason to sell off. CSCO after the bell with 17 cents for the 4th qtr (typically the strongest). Lets say they beat and come in @ 20 cents. A stock trading @ 26ish earning less than a buck (even if they're forecast to earn 80 cents next year the stock is 32x forward). Its gotten a little ahead of itself here. Its a large component of the NAZ. I doubt if the markets wait for a jobs report although they can accelerate any slide.