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Politics : Ask Michael Burke
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To: Tommaso who wrote (44274)1/22/1999 9:16:00 AM
From: Nadine Carroll  Read Replies (3) of 132070
 
>That period of about a hundred days corresponds to the major part of the South Sea Bubble mania, too--and to other obscure manias that I have followed in little-known oil stocks.

Unlike biotech or oil, the Internet is a new a transformative technology that investors are interacting with on a daily basis. For that reason I'd say that the best comparison is to the run up of the radio stocks in the twenties--do you have any figures for that run up?

This daily evidence of a new technology (which somebody, surely, will figure out how to make millions off of) will give an extra push to the mania IMO, when compared to the "purer" speculative manias you cite...

Of course, investors will still lose their shirts in AMZN, just as they did in RCA.
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