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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: bucky89 who wrote (53496)	9/1/1998 11:13:00 AM
From: Lutz Moeller	Respond to of 61433

margin in the 20's coul be up to 90%! today 50%

To: bucky89 who wrote (53496)	9/1/1998 11:50:00 AM
From: Thomas M.	Read Replies (1) \| Respond to of 61433

It's amazing how similiar the 1920s were to the modern boom. Looking at the differences that link attempted to show: The 2 "star industries" were slowing then, just as the technology sector has been slowing since 1996. Profitability has already vanished for most of the tech sector. "...manufacturing, finance and services all enjoyed high times, agriculture, mining and energy struggled..." Plug tech in for manufacturing, and you have described the 1980s/1990s perfectly. "a glut of goods" Wow! If you had to sum up the current world economy in 3 words, that would do it! Our economy has developed virtually every single major distortion that the 1920s economy possessed. The one difference you point out, public participation in the markets, is hardly a positive. This is the hallmark of bull market tops, most notably the late 1960s. Tom