Last cheer for Tech stocks as Cisco comes out bullish on revenue from high-speed Internet and video downloads
Joe Weinman
Nov. 9, 2006

This can be the last cheers though. After cell phone, iPod, Internet and Video downloads, there is not much left to brag about. Innovations among the Tech companies have been pathetic at best. All these tech companies can do is to create for electronic gadgets with little new innovation. How long can iPod, Cell Phone and Video Download carry forward?

Nasdaq cheered, Dow went opposite when Cisco came out bullish on revenue from high-speed Internet and video downloads. Unfortunately, the real innovation is not there. Internet, video, sound clips – all these are great but technology has been stagnant virually for the last twenty-five years.

The net effect is very serious. All on a sudden the tech stocks will find nothing more left sell. Consumers all on a sudden will refuse to borrow any further after being bored with same old stuff for the last5 ten years.

Last cheer for Tech stocks as Cisco comes out bullish on revenue from high-speed Internet and video downloads
Joe Weinman
The net effect is very serious. All on a sudden the tech stocks will find nothing more left sell. Consumers all on a sudden will refuse to borrow any further after being bored with same old stuff for the last5 ten years.
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The underemployment, budget deficit and inflation bullish for Gold
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As long as underemployment and inflation alive, Gold will be going upwards. Underemployment puts an artificial lid on the long bond rates. The inflation make Gold favored over currencies
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