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The passive-investing boom and lax regulation have led to Big Tech companies growing dangerously large and dominating the stock market, Smead said.
Investors were similarly excited about emerging technologies and skeptical of a looming recession during the internet bubble, David Rosenberg said.
>> the very same day as the election, a popular internet company makes a stunning announcement. >> other economic news tonight. there is a new victim of a falling fortunes of the new economy. pets.com is closing down. >> the demise of pets.com is one of the first needles to punch a whole in the internet bubble. >> basically, you had a new attitude towards business. people were investing in companies that showed promise, that didn't necessarily show revenues. >> internet mania, that short lived rush by investors to pump money into anything with a dot-com in its name and by those companies to tu...
Election, a popular internet company makes a stunning announcement. >> other economic news tonight. there is a new victim of a falling fortunes of the new economy. pets.com is closing down. >> the demise of pets.com is one of the first needles to punch a whole in the internet bubble. >> basically, you had a new attitude towards business. people were investing in companies that showed promise, that didn't necessarily show revenues. >> internet mania, that short lived rush by investors to pump money into anything with a dot-com in its name and by those companies to turn around and pour that cash...
Election, but the national election. >> the very same day as the election, a popular internet company makes a stunning announcement. >> other economic news tonight. there is a new victim of a falling fortunes of the new economy. pets.com is closing down. >> the demise of pets.com is one of the first needles to punch a whole in the internet bubble. >> basically, you had a new attitude towards business. people were investing in companies that showed promise, that didn't necessarily show revenues. >> internet mania, that short lived rush by investors to pump money into anything with a dot-com in ...