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

To: chic_hearne who wrote (43394)	11/13/2000 10:20:16 AM
From: kvkkc1	Respond to of 77400

You're bubble data doesn't even stand a simple test of scrutiny. The annualized return over the last almost 8 years is between 13 and 14%. Granted, a little higher than the historical return, but bubble, yes in the pure internets who never had a chance to make earnings in proportion to their caps, but the remainder of the market with few exceptions has been in a bear market for a couple of years. That is about the longest period since WWII, according to an IBD article from a couple of months ago. THe longest recovery period, i.e., getting back to its previous high in the same time period, since WWII, was 18 months. This may take longer, or be shorter, just adding the counterargument. knc