Friday, February 04, 2005
Amazon has attracted attention by the size of the decline in share price following figures for the end of last year.
I think it more likley that some form of 'echo bubble' has been happening and that this may be the start of a new phase.
Most of the evidence is for continued growth though. Looking at Bigcharts.com you can get a pattern from 'all data'. Apple is higher than around 2000. Is it an internet stock? Music downloads seems to be the main feature at the moment.
I think Apple is a great company and makes a valid contribution, but the current valuation appears unlikely to continue as far as I can make it out. Apple technology started to get going about twenty years ago. I'm not sure there is anything really new at the moment.
Searching for "echo bubble" on Google I found some articles by Mark M. Rostenko. This link is to a recent one.
http://www.financialsense.com/editorials/rostenko/2005/0131.html
I think it more likley that some form of 'echo bubble' has been happening and that this may be the start of a new phase.
Most of the evidence is for continued growth though. Looking at Bigcharts.com you can get a pattern from 'all data'. Apple is higher than around 2000. Is it an internet stock? Music downloads seems to be the main feature at the moment.
I think Apple is a great company and makes a valid contribution, but the current valuation appears unlikely to continue as far as I can make it out. Apple technology started to get going about twenty years ago. I'm not sure there is anything really new at the moment.
Searching for "echo bubble" on Google I found some articles by Mark M. Rostenko. This link is to a recent one.
http://www.financialsense.com/editorials/rostenko/2005/0131.html
# posted by will789gb : 7:39 AM
