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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end?
YHOO 52.580.0%Jun 26 5:00 PM EST

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To: bobby beara who wrote (2561)1/18/2000 11:12:00 PM
From: bobby beara  Read Replies (1) of 3543
 
..Investors argued that "tronics" stocks couldn?t be valued according to traditional methods because they represented a whole new era of the economy that was nothing like the past...

new paradimes - since 1990 nasdaq price to earnings ratio has gone up a 10x.

the price is growing a hell of a lot faster that these "growth' quality tech companies earnings

deja vu all over again

beara
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