Different companies in different eras with different market situations but you can really put any stock which bubbled up there and draw the same conclusions.
The reason they chose CISCO 2000 is because it had such a large marketcap compared to percentage of GDP.
This isn’t a very good comparison.
Different companies in different eras with different market situations but you can really put any stock which bubbled up there and draw the same conclusions.
The reason they chose CISCO 2000 is because it had such a large marketcap compared to percentage of GDP.
Why not? A hardware company that was a huge part of the country’s GDP, and essential to the companies at the center of the bubble?