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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (12755)	3/4/2001 5:09:05 PM
From: geode00	Read Replies (1) \| Respond to of 42834

The problem with that argument is that the dot-com mania was not a credit bubble. Those start ups weren't taking on debt, they were taking on investors. Many of those early investors walked away with tons of cash in their pocket. The late ones didn't and their portfolios have landed with a crash and an ugly thud. What if the automobile mania hadn't happened last century? There were hundreds of car companies that are now reduced to a handful. Manias come and go. Luckily, both the car mania and the dot com mania aren't actually tulip bulbs which have zero productivity value. That analogy has never rung true. Should there have never been investor over-excitement over cars? There used to be dozens of PC manufacturers also. Should that over excitement never had happened also? The economy goes in fits and starts. It just had a fit and now it's sick for awhile. It threw up a lot of stuff and now it's just waiting for the Pepto to kick in.