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

To: Jacob Snyder who wrote (48990)2/16/2001 12:44:06 PM
From: chic_hearne  Read Replies (-1) | Respond to of 77400
 
It's hard to find historical parallels to today. You have to reach back beyond the memory of today's investors to find similar events.

True, because investors of the '20's would never let it happen again, therefore, they all have to be dead or senile before another bubble/wipeout is possible. Much like the next one will probably be 70-80 years after this one finishes in 2-10 years.

Valuations reached levels last year, last seen in the 1920s. Cisco, today, is what RCA was then.

Um... not exactly, in fact it's much worse today, even at Crisco's current price.

But actually 1929 values were not as excessive as those in 1999 -- Radio Corporation of America, for example, 1929's Cisco, never got beyond 28 times earnings.



To: Jacob Snyder who wrote (48990)2/16/2001 12:50:59 PM
From: bambs  Respond to of 77400
 
look at how the Japanese ruled the economic world just a decade ago...where are they now? where will we be in a decade? according Greensham we will have the debt paid off and be doing great. What a boob!

bambs



To: Jacob Snyder who wrote (48990)2/16/2001 1:09:55 PM
From: Wyätt Gwyön  Read Replies (1) | Respond to of 77400
 
no, from what I have read, even today valuations are higher than the 1920s. last year, they were the highest ever. that is why some people think the market is a "bargain" now--because it has come down so much. but coming down from a once-in-a-millenium bubble to a once-in-75-years bubble is still not exactly bargain territory in my book.


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