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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 81.16-2.4%3:59 PM EST
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To: Monty Lenard who wrote (46410)1/8/2001 8:24:58 PM
From: chic_hearne  Read Replies (3) of 77400
 
Hi Monty,

Interesting comparison I ran across:

The infamous comparison is of course 1927 to 1929, and Keynes and his followers attributed the whole of the Great Depression to the 1920's over-investment and speculation. 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 (and RCA's earnings, unlike Cisco's, did not have the huge stock options valuation question hanging over them).
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