from the bear's den

Enrique Diaz-Alvarez enrique at
Sat Nov 20 14:13:59 PST 1999

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


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