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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 73.94-1.1%Jan 8 3:59 PM EST
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To: Jacob Snyder who wrote (48990)2/16/2001 12:44:06 PM
From: chic_hearne  Read Replies (-1) of 77400
 
It's hard to find historical parallels to today. You have to reach back beyond the memory of today's investors to find similar events.

True, because investors of the '20's would never let it happen again, therefore, they all have to be dead or senile before another bubble/wipeout is possible. Much like the next one will probably be 70-80 years after this one finishes in 2-10 years.

Valuations reached levels last year, last seen in the 1920s. Cisco, today, is what RCA was then.

Um... not exactly, in fact it's much worse today, even at Crisco's current price.

But actually 1929 values were not as excessive as those in 1999 -- Radio Corporation of America, for example, 1929's Cisco, never got beyond 28 times earnings.
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