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Solid Proof the Gold Market is Alive and Well
Karibu (Welcome) G&G Readers,
From 1998 to 2000, shares of a company named Inktomi Corp went up 1,900%. Then in 2000, this stock hit its all-time high of $231.62. It had to be a great business, right? Wrong. Actually, the company never made a single dime in profits.
But regardless, investors kept buying. That shows you how irrational investors can get.
By 2002 that same stock was trading at a quarter. And that’s just one of many examples of tech companies that crashed after the tech bubble popped.
Just a few years later, investors had to deal with another bubble. House prices are still falling to this date. We’re still dealing with the fallout from that financial mess.
Now investors are obsessed with bubbles.
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LEGAL NOTICE: This work is based on what I’ve learned as a financial researcher and analyst based SEC filings, current events, interviews, corporate press releases and what I've learned as a financial consultant. It may contain errors and you should not base investment decisions solely on what you read here. It’s your money and your responsibility. Nothing herein should be considered personalized investment advice.