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Strategies & Market Trends : TA-Quotes Plus

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To: Richard Estes who wrote (4926)6/25/1998 11:40:00 PM
From: TechTrader42   of 11149
 
Yes, like tulips. You've mentioned "Extraordinary Popular Delusions and the Madness of Crowds" before, and that's what we're dealing with when it comes to the Internet craze, it seems. When will AMZN cease to delight the Motley Fools?

"Hundreds who, a few months previously, had begun to doubt that there was such a thing as poverty in the land suddenly found themselves the possessors a few bulbs, which nobody would buy, even though they offered them at one quarter of the sums they had paid for them. The cry of distress resounded everywhere, and each man accused his neighbor."

AOL is another example.

"Many persons grow insensibly attached to that which gives them a great deal of trouble, as a mother often loves her sick and ever-ailing child better than her more healthy offspring. Upon the same principle we must account for the unmerited encomia lavished upon these fragile blossoms."

But there's money to be made from Fools' Gold (and fragile blossoms), if you can get out of town quickly enough.

Brooke
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