[BORK?] Internet Bubble Part II
Jeff Bone
jbone at deepfile.com
Sat Apr 19 02:04:08 PDT 2003
[METAFORK: Tom, code for techbiz bits?]
This from Faux News right now, but quant enough that it's probably
accurate. (Probably still a propaganda move... Of course they want to
breed some optimism in order to paper over how bad things are
generally; it IS the economy, stupid. FWIW, I'm not opposed to this
kind of psych-op; the economy is a consensual hallucination, after
all, and in this case if they achieve their propaganda goals everybody
wins.)
Internet stocks enjoying a resurgence:
EBay +64% (last 12 months)
Yahoo! +58% (last 12 months)
amazon.com +68% (last 12 months)
Ask Jeeves +857% (since October 2002)
youbet.com +532% (since October 2002)
Question: who is investing in these things right now? Is this mostly
institutional, or more individual investor stuff?
Food for thought.
Take it easy,
jb
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