Haim,
IMO, many internet stocks have gone beyond tulip mania, beyond psychosis, beyond any description. Several of them (some of the worst ones) are carrying values of half billion bucks and the biggest ones, Ebay and AMZN, have a 12 and 18 billion market caps, respectively. What has this market become or where has it gone to? Can sanity return to this market? I will not be surprised if this market drops by 1,000 Dow points in one day, or more than a 25% decline in a week. That is, "when", not "if". Otherwise, is this a premonition of a huge spiraling inflationary times ahead? |
