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felix wrote:
> We should be thankful for this mania as it has generated an
> excellent trading environment - for now. :-)
I wonder what could prick the bubble ? Some Amazon rights issue ? I
guess investors hope that one day these stocks will all be taken over
before they need extra cash. So far no one seems to mind that these
take-overs are all paper bids .....
> > I just can't believe the mania in internet stocks- so I thought I
> > would share this quote from a conversation with a colleague this
> > morning:
> >
> > "I can't believe the stupidity of people- even the guys on CNBC are
> > incredulous at this internet mania- I guess I will just have to
> > revise my baseline for human stupidity even higher than my previously
> > pessimistic level- because once again humanity has exceeded all
> > rational expectations."
> >
> > That about sums it all up.
>
> Felix
>
> I agree with you and this person on the 'Internet Mania'. However an
> incredible amount of wealth has been accumulated by those who were
> intelligent enough to take advantage of this mania. Whether these
> individuals get to keep this wealth or not, remains to be seen.
>
> We should be thankful for this mania as it has generated an excellent
> trading environment - for now. :-)
>
>
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