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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 73.99

+3.1%

Nov 12 3:59 PM EST

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To: Jorj X Mckie who wrote (60841)	8/7/2002 1:10:23 PM
From: Lizzie Tudor	Read Replies (3) of 77398

I do think that the comparison to 1929 is valid as that bubble wasn't a "tulip" bubble. I agree with you about 1929 and the 70s (is that you, that thinks the comparison is valid to the 70s?). And a lot of the result has already played out, in stock market declines, no denying that. But for further comparisons to either period, don't we need 1)depression in the case of the 30s, followed by war or 2)a broken mfg sector, inability to create quality products/union influence (the "planned obsolesense period") for the scenario to completely play out either way- 30s or 70s? The obvious similarities to the 30s and 70s, major stock mkt declines, have happened. BTW one reason I think its unlikely that consumers will avoid stocks completely in your scenario is these ESPP plans, along with easy access online trading which kinda lure people in... (it does me!) L

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