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 (2251)	12/26/1999 4:51:00 PM
From: KeepItSimple	Read Replies (2) of 3543

>What if that persists for years or decades? It cannot. As someone pointed out earlier, if a "public" company is instantly valued at 2 billion dollars regardless of profits or prospects for profits, then every company in america will simply go public, until the available supply of suckers runs out. Why take the effort to run a real business when the public markets will reward you TODAY, before you even have to do a lifetime of work? >Think outside the box for a minute. If you say New Paradigm or "synergy" i'm going to puke. >Show me the analyst or academic who has figured that one out yet What? One of the fundamental facets of a mania is that it always last longer than anyone could possibly believe. >It's either a brave new world or fool's gold. No, actually, you're witnessing the beginning of the end for unregulated capitalism in this country. When this finally ends and half the population is thrown into poverty because they invested their life savings in the "sure thing" that was Yahoo at $5000 per share, things will change. The political landscape will change.

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