Friday, April 1, 2011

Declining Breadth in Second Iteration of Internet Bubble

You have to hand it to Prechter. Notice that in 1999, there was a wide breadth of internet startups, with the 24 largest comprising $70 billion in market capitalization. Now, there are five companies - the big, bubble names from Dotcom 2.0 - comprising the same valuation.

1 comment:

EconomicDisconnect said...

Less to choose from, no!