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

To: Lizzie Tudor who wrote (70950)	8/27/2006 7:50:46 PM
From: RetiredNow	Read Replies (1) \| Respond to of 77400

It's a decent theory, but it's not what most economists think. What created the 90's boom was the Internet, massive new interest by everyone and their dog in investing plus the ability to invest on their own through the Internet without the aid of a broker, a tech boom, and massive IT spending due to Y2K. All of that was a virtuous cycle which lead to a booming stock market. Now we have a burned investment community, no crisis requiring IT spending, massive oil price increases, wars and threats of wars, rate increases, and a President the country doesn't have confidence in. All of these things combine for a crappy investment climate that leads to a general malaise in the stock market. It's still been a good 3 years for diversified investors, but nothing like the 90's of course.