How Quick we forget. 24 years ago! But this time it's different.....

S

S2007S

Found this article written 24 years ago on Cisco being the leader of the world, capturing an almost half a trillion market cap at that time and a reason why it's going to a trillion dollars, to be the first trillion dollar world leader and biggest and best of its kind.............

A Trillion for Cisco, but Not a Dime for All Else?
BY TOM PETRUNO
FEB. 13, 2000 12 AM PT


Talk of a trillion-dollar valuation for Cisco just reinforces that this has become a stock market in which everything, and nothing, is possible.

Everything seems possible for the relatively small number of tech stocks that are keeping Nasdaq aloft.





https://www.latimes.com/archives/la-xpm-2000-feb-13-fi-63886-story.html
 
Dude, you leave me speechless. You're really one of a kind. All that time you express yourself in disbelief, you COULDA, you WOULDA, and certainly you SHOULDA went long NVDA and other AI stocks and perhaps live to tell your grandchildren about it.

But noooooooooooooooo, not holier than thou. Instead, you prefer to spend all your waking hours researching and comparing what went down 25 years ago.

Let me put it this way. Not everyone who bought CSCO 25 years ago lost their shirts when the market imploded. Yes, some did, but there are others who made it out with more than a modest sum, or what some here would call a generational chump change.

It's not very often you get these opportunities with a huge upside return. You can bitch all you want when all this is done, but for the time being, just STFU and make money. :banghead:
 
But dotcom was based on overvalued BS stocks. Could this time be different because we are on the cusp of something transformative?
 
None of that stuff matters to me. I am a scalper of 1 to 8 points in ES or equivalent in other indexes. I don't care what happened a few years back or last year or for the most part what happened 3 hours ago. I am more interested in the last 15m. 5m, and 1m. Occasionally will glance at a daily chart. But I guess if one is a long term investor then.........
 
I was trading stocks in late 90's when the dot.com bubble started. I'll never forget co's putting dot.com in their name. One was a co that fished for Menhaden used in cattle feed LOL. Changed their name to Z(something) dot.com and stock went up.
None of those co's were printing money like NVDA and others are. What's going on now is nowhere near anything like the 2000 bubble and bust. It's a really stupid argument to make.
 
Ill just add, in 2000 CSCO had a P/E of 196. NVDA looks cheap at a P/E of 27.29

"The future is just like the past, only different" Anonymous
 
R1234 said:
But dotcom was based on overvalued BS stocks. Could this time be different because we are on the cusp of something transformative?
More...


You can say that now after the fact 20 yrs has passed but if you were trading back then there was no one but maybe 3 people saying it was going to end like it did. It's easy to point it out after the fact you realize how the dot com collapse unfolded but being there in real time seeing how wallstreet was taking it all in you would have said to yourself this is going to last a life time.....
 
S2007S said:
You can say that now after the fact 20 yrs has passed but if you were trading back then there was no one but maybe 3 people saying it was going to end like it did. It's easy to point it out after the fact you realize how the dot com collapse unfolded but being there in real time seeing how wallstreet was taking it all in you would have said to yourself this is going to last a life time.....
More...
I was trading garbage stocks touted on chat boards in the dot com times. Made and gave back some decent money. I did feel that something was off back then, like there was a whole universe of meme stocks. Doesn't feel that way exactly right now.
 
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