thegreatcrash.com press release
Zack Exley
zee at ix.netcom.com
Wed Jan 5 15:50:17 PST 2000
The MotelyFool.com asks if the there is any similarity between the Internet
bubble and the South Sea Bubble
(http://www.fool.co.uk/DailyFool/1999/DailyFool990329.htm ) and conclude:
So is there any similarity between the South Sea Bubble and the rise of
Internet companies, then? Hopefully it is clear that there isn't. The growth
in the Internet sector is based on the real expectations that electronic
commerce is only in its infancy and that there is huge potential expansion
to come. So are there any aspects of speculative gambling built in to
current Internet company prices? Inevitably. Will some currently high priced
companies fail to live up to their valuations? Almost certainly. Is there
great potential for growth in the best Internet companies? This Fool is
convinced there is -- there are some great companies out there that are very
well placed to increasingly become the driving forces in 21st century trade.
And are the big players currently overvalued? Well, individual investors
will have to decide that for themselves.
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