[quote=bluehairdave][quote=flu]You folks have nothing to worry about…Because Internet Bubble 3.0 is forming and people are pretty soon going to start jumping on this stupid bandwagon again, and then when people’s 401k and trading accounts goes up (on paper), everyone will feel richer and spend more money (which they don’t have)……..
Because just remember…Some folks that bought into the LinkedIn IPO are now seeing $92/share and hoping to retire form it….Because remember how Internet Economics work. It only matters how much revenue the company is generating, and not so much how much the company is bleeding red……
(end sarcasm…sort of…)[/quote]
anyone who is investing in those for more than a few weeks is crazy. They aren’t even worth anywhere near a fraction of the stock prices. I run a successful internet firm and we all laugh at it. You see them rushing out because even these companies cant believe what people think they are worth.[/quote]
You know, I said the same thing about Tesla Motors a few months ago when it was $18… Today it’s $28….I guess the joke is on me…..Because like many many have said…The markets can stay irrational much longer than you can stay solvent. Also, if you don’t mind, I’d like to replace your use of the word “investing” with the word “speculating”…..Big difference imho….
