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Strategies & Market Trends : e-Commerce the Next 100 Months...... -- Ignore unavailable to you. Want to Upgrade?


To: AugustWest who wrote (2240)1/29/1999 11:31:00 AM
From: DWEB IR  Respond to of 2882
 
Greenspan's (Mr. Irrational Exuberance) Comment on Internet Stocks

Federal Reserve Chairman Alan Greenspan said Thursday (Jan. 28th) while addressing the Senate budget committee, "The size of that potential market is so huge that you have these pie-in-the-sky type of potentials for a lot of different vehicles. Some of these small companies which have stock prices going through the roof will succeed and they very well may justify even higher prices. The vast majority are almost sure to fail. That's the way the markets work in this regard."