Stuck outside of Mobile, with the Memphis blues again.

[Enrique Diaz-Alvarez]

Doug Henwood wrote:
> 
> 
> Today's NYT has a chart showing that America Online has a market
> capitalization greater than GM's, and Yahoo's is roughly equal to Boeing's.
> It's one of the greatest speculative bubbles in market history. Art Cashin,
> director of NYSE floor operations for PaineWebber, called it Tulip.com on
> CNBC the other day.
> 

According to one Michael Burke, a pretty smart self-employed financial
parasite out of Boston, the one thing that has been keeping him from
shorting the internet bubble is that everyone knows it's a scam. When
sober people start spinning fairy tales to justify the valuations,
that's the time to buy put options on these absurdities.

I noticed that this article in the NYT is the first piece I've seen on
the mainstream media about valuations of internuts without once using
the B word. 


> Doug