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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end? -- Ignore unavailable to you. Want to Upgrade?


To: Sir Auric Goldfinger who wrote (2301)12/26/1999 11:46:00 PM
From: KeepItSimple  Read Replies (1) | Respond to of 3543
 
To the chump who mentioned Henry Ford as a reason why internet stocks are undervalued-

Are you aware that there were nearly 15,000 automobile companies in the US alone by 1950?

Do you have any clue as to how many there are now?

Answer: 3. And guess what? Yahoo and AOL have a larger market cap than all of them put together, yet have only 1/100th of the profits.

This isnt a lack of forward thinking, this is simply a society filled with a bunch of brain damaged chimpanzees who have been trained to hit the "market buy" button on their e-trade account every morning when Maria Bartiromo comes on TV and pouts "Looks like there's a tech rally this morning in premarket!"

Nothing more. Dont confuse a mania, with brains.