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: EL KABONG!!! who wrote (3312)	12/19/2000 10:55:12 PM
From: KeepItSimple	Read Replies (1) of 3543

The AWE fiasco proves perfectly the FUNDAMENTAL FLAW in the stock market.. You can only get rich by being taking money from other people. Whether by hook, crook, or taking small amounts through legal means for a long time (profitable dry cleaning company/restaurant/construction firm). Once everybody is in the market, there is simply nobody left to buy. We, as a population, cannot simply bid the value of stocks to the moon and all become rich. The money does NOT EXIST until you sell your shares to someone. That is the key. Until you have the cash, the shares of these worthless companies have NO VALUE. Since nobody pays dividends anymore, the only way to make money in the market is by finding a greater fool. And once CNBC has sucked every last bagholder with a spare dime into the market, there is nobody left to buy. No more upward momentum. The nasdaq will not see the highs reached in March in our lifetimes. Just ask Japan, Inc. Those poor bastards are still 50% off their highs set over a decade ago. We aren't in for a recession, we're in for a DEPRESSION. Game over man, game over!

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