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Strategies & Market Trends : Waiting for the big Kahuna

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To: clochard who wrote (41510)7/8/1999 9:27:00 AM
From: pater tenebrarum  Read Replies (3) of 94695
 
Steve, re: IPO's, the speculative frenzy surrounding recent internet related IPO's is truly amazing. look at the financials of e.g. JNPR or ASKJ and then look at their respective market caps, it's really incredible. a sign of the times no doubt, where momentum begets momentum in a complete disconnect from reality. while the ultimate fate of such ponzi schemes is always the same, it is still astounding how human nature leads to a repetition of past excesses with such unwavering regularity. to me this is the equivalent of the investment trusts of the 1920's which were traded at the curb. needless to say, not one of them survived.

regards,

hb
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