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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 70.89

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11:37 AM EST

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To: Jorj X Mckie who wrote (60731)	8/6/2002 7:00:32 PM
From: RetiredNow	Read Replies (2) of 77397

Hi all, has anyone read Devil Take the Hindmost: A History of Financial Speculation by Edward Chancellor? Great book on the history of bubble mania going back a few centuries. It really paints the picture of how the more things change, the more they stay the same. The good part about the read is that it describes the common elements to all bubbles. No surprise, but the Internet mania was a classic one, and the aftermath of the bubble has also been classic. The good news is that we all shouldn't believe the pundits who say this time is different. It's not at all. It's just more of the same. So the steep plunges we've seen will be followed by a return to normality, which means a lower growth level. That means what we won't see is a complete collapse of our economy. Those who keep disciplined and continue to invest in a diversified portfolio will do well over the long term.

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