Nasdaq 5000: "It's different this time"
Indeed. New Highs:
Cisco has an uncanny ability to peak at the worst time
In Y2K, Cisco was the most valuable company in the world. It was going to be the first trillion dollar company in the world. Its top in 2000 and 2007 coincided with the top in the market. It's now at the level it reached at the top 7 years ago.
March 2000:
"One trillion dollars. That's how much at least one analyst believes Cisco Systems Inc. will be worth in a few years--and you'd be hard pressed to find anyone to disagree."
A Closer View: 2007, 2010 Flash Crash. And Now:
March 2015:
Morgan Stanley increases Apple price target by $30 (aka. $175 billion in market cap)
Already in production: Apple computers, tablets, music players, phones, Apple TV
Due this month: Apple Watch
In Planning: Apple Car
Next: Apple House, Apple Country
As it was in 2000 and 2007, the Idiocracy is once again attempting to reach escape velocity from reality
