wixeywaxy

RIM Surges Ahead Of Motorola In Market Value

Is the technology bubble still alive and well but confined to specific issues that are attracting the same kind of unreasonable expectations? It strikes me as something like the spread of chain letters. Although people see the impossibility of an unlimited expansion they think they can defeat the odds. It's described very insightly as "The Greater Fool Theory" It's not a question of the quality of the product, just the estimated dimension of it's future prospects and the risk adjusted value that should apply to it. Since many people act out of irrational emotion the effects are often extreme and support by convoluted logic. Vic