Well, maybe *WE* all expect it to flop. But I'm still kicking myself for snubbing AAPL in the mid 2000's and MSFT in the mid 1990's. I know, I know -- likely to just soak the little investors as the traders and bankers laugh all the way to the bank.
My take is this... FB has polluted our kids' (and even some of my adult friends) idea of "interaction", so I hope they sell ZERO stock. I mean, why the heck should the struggling middle class fund early retirement for Zuck's family and friends?
Oh, and I hope that internet marketing dries up and and those little boys might have to give their empire away.
Screw the CRB! For Pete's sake, this Copyright Royalty Board was formed by appointment by the Library of Congress. Excuse me, I was never asked if I support their mission. Frankly, I don't vote for any politician who supports entities which exist simply to side with industry lobbyists. Why the heck are our elected officials protecting the income of has-beens like Capitol, RCA, and every other label who's lost market share in an industry that simply does not need them anymore? And why are so many Americans so damn stupid? In 2004, 62,040,606 voters sided with Bush & Republican values. Morons. Protectionists. Greedy bastards. This country is sure starting to suck. I say walk into the next CRB hearing and bitch-slap each one of them, then drag them into the street along with Bush's right wing Justices and kick them tirelessly. Man, I've just had it with every 7-figure executive stuffing his pockets and somehow managing to 'legally' shaft the middle- and lower-class population.
90's bubble was shift of $ from savings to invest
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Dot-Com Bubble v2.0?
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The overriding cause of the 1990's tech bubble was due to Wall Street's wooing the general public into moving their cash assets from savings accounts (and their mattresses) into publicly traded securities. This was an historic event, fueling huge tech growth and speculation. Most of that cash is still invested, but some (and I can't even begin to guess what the numbers are) landed into the bank accounts and other assets of the new-wealthy. Of course, much of this cash also fed GNP, which in the absence of during the tech sector crash in 200-2001, led to a mild recession.
I believe that we are very susceptible to another bubble. My reason is that the past bubble has given the public a tenancy toward self-serving attitudes (this is why we allow the current presidential administration to dismantle the clean air and clean water acts), combined with short memories of ridiculous speculation and corporate deceit (Enron).
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Well, maybe *WE* all expect it to flop. But I'm still kicking myself for snubbing AAPL in the mid 2000's and MSFT in the mid 1990's. I know, I know -- likely to just soak the little investors as the traders and bankers laugh all the way to the bank. My take is this... FB has polluted our kids' (and even some of my adult friends) idea of "interaction", so I hope they sell ZERO stock. I mean, why the heck should the struggling middle class fund early retirement for Zuck's family and friends? Oh, and I hope that internet marketing dries up and and those little boys might have to give their empire away.
Screw the CRB! For Pete's sake, this Copyright Royalty Board was formed by appointment by the Library of Congress. Excuse me, I was never asked if I support their mission. Frankly, I don't vote for any politician who supports entities which exist simply to side with industry lobbyists. Why the heck are our elected officials protecting the income of has-beens like Capitol, RCA, and every other label who's lost market share in an industry that simply does not need them anymore? And why are so many Americans so damn stupid? In 2004, 62,040,606 voters sided with Bush & Republican values. Morons. Protectionists. Greedy bastards. This country is sure starting to suck. I say walk into the next CRB hearing and bitch-slap each one of them, then drag them into the street along with Bush's right wing Justices and kick them tirelessly. Man, I've just had it with every 7-figure executive stuffing his pockets and somehow managing to 'legally' shaft the middle- and lower-class population.
The overriding cause of the 1990's tech bubble was due to Wall Street's wooing the general public into moving their cash assets from savings accounts (and their mattresses) into publicly traded securities. This was an historic event, fueling huge tech growth and speculation. Most of that cash is still invested, but some (and I can't even begin to guess what the numbers are) landed into the bank accounts and other assets of the new-wealthy. Of course, much of this cash also fed GNP, which in the absence of during the tech sector crash in 200-2001, led to a mild recession.
I believe that we are very susceptible to another bubble. My reason is that the past bubble has given the public a tenancy toward self-serving attitudes (this is why we allow the current presidential administration to dismantle the clean air and clean water acts), combined with short memories of ridiculous speculation and corporate deceit (Enron).
NIS stood for "Network Information Services", BTW.