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


To: Eric who wrote (11488)1/10/1998 12:56:00 PM
From: Zoltan!  Read Replies (1) | Respond to of 77400
 
Remember my reply to that middle brow non savant who thought our economic situation was like Japan
exchange2000.com

To: +j g cordes (http://www.exchange2000.com/~wsapi/investor/reply-1406240 )
From: +Duncan Idaho
Thursday, May 15 1997 12:15AM EST
Reply # of 11488

Demographic mega trends ("destiny") are too powerful to discount so easily. Just as
your being able to understand the "thesis" doesn't make it either "simplistic" or wrong.

If you had anything more than a superficial understanding of what happened in Japan
you would know that the current U.S. situation is not analogous, structurally or
societally.

You write more like someone who subscibes to a newsletter like "Strategic
Investment" and then parrots "the end is near" screed. It sells newsletters but has been
pitifully poor investment advice.

The market indeed will not go straight up. However, individual issues, backed by
strong fundamentals, like Cisco, should continue to do extremely well over time. That
knowledge and ample diversification give me peace of mind.

You are no Cassandra.

Regards
______________________________________________________________________

Barrons today
interactive.wsj.com
Demography is Destiny - How the Stock Market Will be Buoyed by Aging Baby Boomers
Whatever you may conclude about stock prices or economic growth or interest rates, the plain fact is that the Baby Boomers haven't finished putting money into stocks, not by a long shot. Mindful of the need to save for retirement, they can be counted on to pour ever-greater mountains of cash into stocks for the next ten years....

and

Good News Through 2008
interactive.wsj.com

Good articles both. And the more events play out, the more silly Cordes will look. Indeed he was no Cassandra (she was always right - but destined to be disbelieved!), merely a Chicken Little. Nice perspective considering last week.

Regards