Cisco Systems
Cisco Systems
"History repeats itself, first as tragedy, second as farce. Karl Marx (1852)
The Marx quote was him describing how historical events and crises return in distorted, more absurd forms when lessons go unlearned.
Today, one of the biggest stocks to blowup in the Dotcom bubble, , just hit an all-time high in a parabolic move after beating consensus earnings estimates by $0.02.
The stock was up +57% YTD on March 23, 2000, the day before the Dotcom bubble bursted and the 'lost decade' began. Following today's earnings reaction, CSCO is now up +60% YTD....
Legendary investor, John Templeton, once said that "the four most dangerous words in investing are: 'this time it's different."
Is this time different?
i remember hearing about the bubble years ago and it’s fascinating to see cisco systems in a similar spot now. definitely makes you think twice about the current momentum.
