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

To: bambs who wrote (36744)	5/31/2000 2:33:00 PM
From: The Phoenix	Read Replies (1) \| Respond to of 77400

1929 had fewer traders, fewer companies, and policy was to raise rates as the market tanked. Fed policy was different then and it was wrong and they knew it in hindsight. Furthermore there was no support system so families that lost work had no income and couldn't contribute to the economy by buying goods... this snowballed and as interest rates increase the thing came crashing down. THERE ARE NO PARALLELS. If all you do is look at the charts and don't seek to understand the underlying policy and FUNDMENTALS of what occured you will be doomed to make mistakes. This is NOT 1929 - not even close. OG