Tulipomania Blowoff Contest: Why and When will it end? Message Board

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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end?

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Jun 26 5:00 PM EST

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To: Dale Baker who wrote (2235)	12/26/1999 3:46:00 AM
From: KeepItSimple	Read Replies (2) of 3543

But you're making the assumption that when the time comes for everyone to exit, that everyone will be able to exit at a 1500% profit. In a game of musical chairs, there is only one winner. Everyone else loses. When push comes to shove, I doubt that the 3000% gains in AKAMAI will remain 3000% gains. Your pathetic example of "300% profits will become 270% profits" shows that you've obviously been investing in this market for somewhere between 2 and 3 years. You've never experienced a bear market or serious correction. Having said that, the country IS in the grips of a tech stock mania. I believe it will suck every available penny into its clutches before eventually destroying the concept of capitalism in this country. You see, my dear friend, if every man woman and child can invest their 50 bucks into yahoo stock, and then retire in a few months, what sort of economic system do we have? how do we induce people to work? but those are the sort of questions we'll all ask AFTER the bottom collapses.. dont pay attention to the man behind the curtain..

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