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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: Mad2 who wrote (2627)2/6/2000 4:49:00 PM
From: Dale Baker  Read Replies (1) of 3543
 
Not the assumptions I want to justify the current price of stocks I hold.


Once again, those are traditional valuation models that some treat like the Ten Commandments, in the original stone tablet version as they came down from the mountain.

Why all the resistance to change here? Wasn't the world before WW2 just a shade different from what followed? Wasn't 19th century industrialization distinguishable from early 20th century technological innovations? Didn't economic models have to change?

So why is the the first part of the 21st century - an era driven by quantum leaps in technological change - allowed to be different from the mostly industrial/commodity based economy these models are based on? An economy that seems to have largely come to an end sometime in the 1980's, I would add.

About the time that computers began to move from the mainframe environment to smaller enterprises and the individual user.

That is the high road I am trying to describe. The "pro-bubble" voices out here are making the traditional case against the "it must always be thus and ever so" crowd that resist every change ever seen in human history.

End of speech. The soapbox is yours. Apologies for being flippant here.
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