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

To: Skeeter Bug who wrote (39316)	8/10/2000 2:48:20 PM
From: kvkkc1	Read Replies (1) \| Respond to of 77400

You bears all use history when it suits your argument. If you take a look at the last year you referenced before now, you would notice that the technology revolution was in its infant stages then. That is what has grown the economy the way it has between 87 and today. The fall of the Berlin Wall also opened trading opportunities that have enlarged the customer market to multi-national corporations like CSCO. So with the bigger revenue source, we should see increased sales as other countries try to improve their communications infrastructure. This bodes well for many US corporations.knc

To: Skeeter Bug who wrote (39316)	8/12/2000 11:57:19 AM
From: Seeker of Truth	Read Replies (1) \| Respond to of 77400

Market capitalization/GNP is now 171%, in 1929 it was 87%. In those days a huge portion of big business was not public. So the stock market did not represent so much of the economy as it does now. This was far less true of course, in 1987, but that drop was lightning fast and the complete recovery took only a few months. Really you are comparing apples and oranges with this point. If you want to quote bearish statistics try the return on capital and the P/E's, Both of these are dropping from their record highs but they have a long way to go to get back to an average situation of the past.