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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 77.99-0.2%Dec 23 3:59 PM EST
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To: RetiredNow who wrote (66128)9/3/2004 8:17:41 AM
From: GVTucker  Read Replies (2) of 77400
 
mindmeld, RE: Well, the only other time this century that we've had a stock market bubble like the 90's was in the late 20's. So I wouldn't say it's unprecedented.

No, it was unprecedented. In the late 20's the market PE was consistently in the high teens. The average PE for both 1998 and 1999 was over 30.
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