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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?


To: USRX888 who wrote (16537)1/4/1999 2:38:00 PM
From: Oeconomicus  Read Replies (1) | Respond to of 18691
 
No i meant 1900's.......

Well, if you insist, let's see what you are comparing CSCO to. According to Dow Jones, the largest corporation in the US in the 1870s was the Pennsylvania Railroad. Known more recently as Penn Central, it went bankrupt a century later. In 1916, there were 254,000 miles of rail lines in the US. Now, we have half that. As I understand it, railroad stocks as a group collapsed after WWI, never to regain their leadership position among US stocks.

averages.dowjones.com

Perhaps you meant "19th century".

BTW, careful buying MSFT at these levels - it could go bankrupt sometime in the 21st century.

;-]