Bursting The Internet Bubble
March, 1999
When it comes to the stock market, there aren't many things a person can be sure of, but this is one of them: There is no way a company named the Globe.com was, is or probably ever will be worth $97 per share. Ditto for a long list of other so-called Internet stocks.These stocks and others have been driven out of sight by some of the wildest speculation Wall Street has seen. You hear seemingly reasonable justifications for these prices—typically from the brokers who want you to buy the shares. T...
