Monday, June 13, 2005

Henry Blodget on Google, Bubbles, and Market Madness: "Now that the Great Bubble of the 1990s has receded into the past, we tend to dismiss it as a bizarre anomaly, a wacky blip in which everyone 'went nuts' and fell victim to irrationality, stupidity, and greed. But that's history, the story goes. We've returned to our senses. We're smart and rational now. We'll never make those mistakes again. Alas, the truth is more complicated." —Fortune

The mere fact that Henry Blodget is writing for Fortune confirms it. The bubble is back, baby!