Stop the Madness

Seeing moves in names such as Facebook (FB), Yelp (YELP), Tesla (TSLA) Ctrip (CTRP), Zillow (Z) and Trulia (TRLA) have prompted some people to start using terms like bubble. Even worse, I've seen a comparison to the dot-coms appear. Stop the madness, I say. Yes, these moves are very big in the short run. One could argue they are even a bit overdone, but stop the madness. This is no dot-com bubble. If you traded at all in 1999 or 2000 at all, then you know that this is no bubble, especially in the mobile names. Aggressive valuations are one thing, but a bubble is a completely different story.

Back then, it wasn't just about dot-coms. I mean, put aside the fact we had to drive uphill to work -- both ways! -- in a non-fuel efficient car with only radio to listen to and a brick mobile phone at our side. Then, we had to wait for our dial-up AOL (AOL) or Netscape connection to get us onto the Internet to trade, as we anxiously awaited that ping-bong-bong-screeeeeeeeeeeeeeeeeeeeeeeech noise followed by "Welcome." There was no Twitter or Skype and television was basically CNBC and news from Bloomberg or the polluted, even then, message boards. Challenges aside, that time frame was the definition of a bubble for anyone under the age of 50....218 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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