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That's like saying the housing crash would have never happened because real estate always has inherent value. A bubble's a bubble. This isn't a simple "correct
by codesushi42 11y ago
That's like saying the housing crash would have never happened because real estate always has inherent value.
A bubble's a bubble. This isn't a simple "correction". When your stock's PE is above 1000x, it's a bubble. Overvaluation IS the definition of a bubble, not a lack of "fundamentals".
Amazon and Yahoo had revenue in 2000 and still crashed.