Cisco is a real company with real earnings and growing revenues,
More Quotes from Jon Burnham:
This kind of news makes the market feel better for the moment, but when you're in this kind of bearish trend, some small concession isn't going to reverse direction. A lot of people thought Bush should have acted sooner. Even with this moving forward, the market has other things to worry about, like the economy, corporate profits and Iraq.Jon Burnham
People have been stopped in their tracks. It's impossible to trade the market right now because there's no way to know what's going to happen in Iraq hour to hour, day to day, so I think most individual investors are hanging back and any action is dominated by hedge funds.
Jon Burnham
I try not to get involved in any areas that I don't understand or that I can't explain to myself what is going on,
Jon Burnham
I think the market is in reasonably good shape until later in the year when the political stuff becomes more center stage and then we'll see what happens, ... Shorter-term, the employment number Friday was good, I think earnings will be excellent, but a lot of that may be baked into the market already.
Jon Burnham
I think that individuals should buy companies where they see 15-to-20 percent growth coming back down the road. Obviously it's not going to happen this quarter, or next quarter even to most of the very best companies because we're in an unprecedented period right now,
Jon Burnham
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