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

To: memflyken2 who wrote (1420)	4/29/1999 5:24:00 PM
From: KeepItSimple	Read Replies (2) \| Respond to of 3543

>AMZN -25; EBAY +25); I think this indicates the oncoming train, >which is the light at the end of the tunnel for the tulips... All it will take is one prominent analyst (who just made all his clients and firm short to the hilt) coming out and saying "After careful consideration, we've come to the conclusion that 99% of these companies have no chance of ever earning a dime in profit." Then you'll see a strange phenomena- as the idiots flee from the internet stocks they'll pile into "old fashioned" stocks such as mcdonalds and alcoa, causing regular stocks to suddenly go up 50-100% a day. To the daytraders, this market has become the ultimate gambling fix- and just like the textbook case of a gambling-addicted chump, these daytraders will KEEP playing the game until they don't have a dime left. In any case, it will end badly. And more badly than any financial mania in history. All Biotech TOGETHER in the 80's didnt even reach the market cap of just one internet play, YHOO. This will be devestating.