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

To: RetiredNow who wrote (49200)	2/21/2001 3:53:25 PM
From: John Koligman	Respond to of 77400

The early '70's had a group of stocks called the 'nifty fifty' that were at the time thought to be 'bulletproof'. Stocks like Polariod, Xerox, a couple of conglomerates. Kind of like what folks were saying about the techs a year or so ago, when the 'economic cycle' no longer 'applied' to technology because it was 'so important and central' to the economy. To make a long story short, folks that added to their stakes of most of the 'nifty fifty' never recovered... Regards, John PS - As far as the general market, after the '73-'74 meltdown (close to 60% for the NAZ) stocks really did not recover (stagflation) till the start of the great bull in the early 1980's...

To: RetiredNow who wrote (49200)	2/21/2001 4:27:41 PM
From: Eric	Respond to of 77400

OT mindmeld Back in the 70's (70-74) I was in college. I started working full time in 1974 so I didn't have a lot of assets in the markets at that time. My mom and dad talked me into investing some of my savings in the market when I was about 15 and I was lucky to triple my first investment in the late 60's and bought a Heathkit transceiver kit for my amateur radio hobby. That one investment really planted a seed that led me to where I am today. My mom started an investment club on Vashon island where I grew up and you folks are gonna love the name, the "Stitch and Bitch Investment club"! They were into a lot of stocks and had a few of the "nifty 50". My mom's investment's did very well during that period and by observation I learned a lot that has helped me today. She always looked far into the future and had a pretty good perspective of what the markets would do. To answer your question I simply added to my growth portfolio in the late 70's and just waited. You have to invest where growth is...all the rest does not matter unless you are a trader. That is the one thing that I'm so thankful my parents taught me. Where is the growth? Where is the potential? The Internet is in it's infancy. Cisco will come back, but it will take some time. I will not invest in a company unless they can prove to me that they will grow. I cannot emphasize that enough! At this moment the momentum is on the downside in the economy and that clouds the true growth picture. Is humanity going to end, I don't think so, things are just happening too fast for us to understand short term. Regards, Eric