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

To: mauser96 who wrote (16493)	8/29/1998 5:19:00 PM
From: Joseph G.	Read Replies (1) \| Respond to of 77400

I happen to be a student of the history of various markets, and it may surprise you to learn that derivatives were traded in 1600's in Holland and England, for example. Communication is always what you call "instant" on the trading floor, although limited by the speed of light -g-. Telegraph was used for 150 years to communicate news within seconds. Intercontinental telegraph trading between NYSE and London, Paris, etc. was common over 100 years ago. You should decide if you're predicting (i) a fast crash not followed by a bear market, (ii) a fast crash followed by a bear market, or (iii) just plain bear market without crashes. In all events, it will save you a lot of money to realize that your choice of the ultimate bottom is pure guesswork and nothing more, at this time.