Java deep copy

public static <E> E deepClone(E object) throws IOException, ClassNotFoundException { 
        ByteArrayOutputStream bo = new ByteArrayOutputStream(); 
        ObjectOutputStream oo = new ObjectOutputStream(bo); 
        oo.writeObject(object); 
        ByteArrayInputStream bi = new ByteArrayInputStream(bo.toByteArray()); 
        ObjectInputStream oi = new ObjectInputStream(bi); 
        return (E)oi.readObject(); 
    }