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


To: GVTucker who wrote (48996)2/16/2001 1:32:15 PM
From: Wyätt Gwyön  Read Replies (1) | Respond to of 77400
 
At the peak of the market in 1929, the PE ratio of the Dow Jones was 19.9

LOL, that's a value stock today. They didn't run option scam games back then, but I guess there were other shenanigans. Do you know whether those earnings included the money those companies made by lending out their capital as margin loans to investors at ridiculous rates? I read that was one of the Ponzi-esque circularities of the market back then.



To: GVTucker who wrote (48996)2/16/2001 6:54:46 PM
From: ild  Respond to of 77400
 
GV, I also guess the yield on DOW was much much higher than now.
I think that now in order to lure back all the investors INTC, DELL and other no-growth companies should start paying good dividents. Pension funds would love that.



To: GVTucker who wrote (48996)2/17/2001 10:18:52 AM
From: Mark S.  Read Replies (2) | Respond to of 77400
 
Your comparing apples and oranges.. #1 the reporting rules in the 20's were far different than today. Plus the simularities are closer to that of Japan's Real Estate problem than that our our Tech Boom.

I am not defending CSCO's valuation, but the market as a whole is OK. There are still some time bombs left. Anyone see Dr. Bob yesterday morning on CNBC. His comments surprises me, but he stated the rest of the world will soon have to spend IT monies just like the US did.