We went from overvalued, to just plain ol’ dumb. The markets are now buying stocks that were basically dying and on the way out. Is Blockbuster Video still around, might want to pick up a couple shares of that while we’re at it. It’s nonsense. Now certainly there are people who are riding the wave, making profits. That’s not a question. The issue is that we have enabled and invited Dom Com 2000 level speculation into the markets and nothing is being acknowledged. Simply ignoring the problem makes it go away apparently. We shouldn’t worry though because Rule #1 is that stocks never drop.
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