More Air In The Internet Bubble
from the partially-reinflated dept
With everything collapsing in the stock market, some analysts are still warning that many dot com stocks are still overvalued. They say that a number of overly optimistic investors seem to believe that the tide is turning, and have been investing in what they believe are “internet bargains” such as Yahoo!. However, the fundamentals don’t look all that great for many of those companies. Of course, when was the last time you remember anyone actually using fundamentals to make investment decisions? It’s probably time to realize that the stock market is based on emotional responses more often than well-thought out decisions.
