Some Analysts See a Replay of the Go-Go Market of the Late 1990s
Interesting comment section too.
Comment:
I was a little incredulous the Netflix is doing so well. Priceline? Facebook? Twitter???
What do they do????
( That was a rhetorical question by the way. I know what they do. )
The solid stuff, like companies making tangible goods, aren't anywhere to be found. Companies that do make real stuff, like Tesla, are depending upon hopes and dreams. Tesla doesn't solve any real problems, and until it does, it's all smoke and mirrors.
There's likely to be an argument there, but screw it. Tesla doesn't solve any problems. They are just selling hopes and dreams.
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