Old May 20, 2003 | 02:54 PM
  #7  
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fastball
A little chin music
 
Joined: Jun 2002
Posts: 2,655
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From: Cleveland, Ohio - Rock 'n Roll capitol of the World
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Anyone who actually paid attention in their econ class will understand that the economy had to implode. The explosion in technology of the 1990's had to reach a saturation point..... that point at which everyone who wanted a computer or cell phone had one. Internet stock never even had value. I knew 6 years ago not to purchase any internet stock because not one of those companies had a tangable product to establish the company's value. Stock needs something to standarize it's value, just like money itself. To blame the economic fallout on anyone except stupid investors is foolish. It was young, unwise, and uneducated investors looking to make a quick buck who artificially inflated stock prices. When there was nothing left to buy the bubble burst and people are crying. While my stocks in Southnern Company, Best Buy, GE, and CocaCola are still sitting pretty.
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