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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: SOROS who wrote (96600)	7/21/2002 8:59:34 AM
From: sylvester80	Respond to of 99280

SOROS, IMO this bubble would have happened no matter what because of the internet revolution. Truly a remarkable and life changing thing happened with the internet (or at least what J6P perceived of it). People identified with it that a major change was taking place in their lives and in the world in general. Any J6P could finally look like a global multi-billion dollar company with just a few dollars and a web site. Our world was becoming one. You could travel across the globe in an instant and communicate, learn, interact, or do business with exotic new places. At least that was the premise of the bubble. It would not have mattered one bit if credit was tighter or not or who was at the white house or the fed. The bubble would have still happened IMO. Such major revolutions that grasp the masses only come once in a few life times that people perceive them as life changing and throw all their money at it as the next big thing. Once the internet promise became more realistic and the internet stocks started deflating, the bubble popped. This was a consumer created bubble over a life changing euphoria. And it is still changing our lives, just not as much as everyone thought it would. JMHO.