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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: JeffT who wrote (31815)	2/8/2000 12:41:00 AM
From: mauser96	Read Replies (1) \| Respond to of 77397

This market is like riding a tiger . It's dangerous to stay on but even more dangerous to get off <<gg>> Personally, I'm dubious about the whole concept of inherent value. The stock market is basically an auction, and I've been to enough auctions to know prices and value often deviate substantially. The fact is that the enormous amounts of capital being created has to go somewhere, and the stock market is the best game in town. Companies like CSCO really are extraordinary, the likes of which have never been seen before.Consensual reality is operative here in setting prices. At some point the bubble may pop but that could be years from now. Just to show how "highly priced" markets can get, the price of real estate in Tokyo was more than that of the entire USA just prior to the crash in Japan.