Haven't we been here before?

[mandy]

Are we in the trapped in another internet bubble? A glance at Google's share price graph would suggest as much. Floated at $85 (£59) a share in August 2004, the shares have risen ever since and are now close to $400, almost five times their flotation price. That far outpaces the revenue growth...

Google's rating may be the most extreme, but rival dotcoms such as Yahoo and eBay are not far behind...

full article: http://observer.guardian.co.uk/business/...13,00.html

[bargainbloodhound]

Haven't we been here before?

Uh, yeah, probably, but idiots don't learn from mistakes of the past...even if the mistakes were their own and happened as recently as 5 years ago. 

Fans of internet stocks say these high ratings are justified

I've definitely heard this statement before...and it took 90-100% losses in their portfolios for the "fans" to realize that just maybe that $79 a share they paid for that now worthless eToys stock Goldman was touting was a little too much