Tags: Google, Cisco, Tech.

Article argues that tech may be the place to be right now since it is relatively unaffected by the mortgage meltdown. Tech has also been relatively flat for the last 5 years and the Nasdaq is still at half its 2001 high.

 

Submitted: Aug 10, 2007    Views: 340    Comments: 3    Likes: 6   


View Article: http://www.marketwatch.com/news/story/google-cisco-dont-sell-mortga...


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Comments Received:

JohnCb
(Unregistered)

I can't stand it when people say that the Nasdaq is cheap because it is still at half of its all time high. It is important to realize that just as this crisis spread from subprime to all of mortgages, it is now likely to spread to all risk more broadly as bank markets for other risky investments dry up and consumer spending declines. Cisco and Google are safer investments than most, but will also go down in this environment.

Posted: Aug 11, 2007

Author/Submitter Response:

Maybe, but money has to rotate into something. Where is it going to go?

Money is clearly going to cash now. There is blood on the streets and fear. Cisco and Google (and Apple) look cheap, and are clearly more sound investments than the banks. I fear that everything is going to get a whole lot cheaper before this is over.

Posted: Aug 15, 2007

This is what is so scary now. Not only are these stocks not in the mortgage market, but they don't use leverage. This week, everyone just started selling everything.

Posted: Aug 16, 2007



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