Doug Henwood wrote:
> * The peak of every such bubble is marked by stock fraud. The
> internet stock craze is perhaps the greatest stock fraud in history.
> Most of these companies have been hatched simply as objects of stock
> market speculation with the intention of bilking the public through
> IPO's .
The least harmful part of the Greenspan Bubble. At least, consumers can take advantage of this scam by allowing the rich and stupid to subsidize their Christmas shopping. I am off to make yet another negative-gross-margin purchase at amazon.com.
Enrique