Page 12 - Pets Com News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Cnbc's colleagues was actually on nightly news and it is left for to us see if this is a google or a pets.com. we know what happens when bubbles burst. it is never good for anyone. >> and we don't know. facebook is trading at a ridiculous valuation compared to other companies. the expectations are it has to justify by growing 50% for the next ten years and we don't know whether it will be a boom or a bust. you never know that with a new company and facebook is no different than 100 other company go that public. you go, look, i have faith they'll do well. i don't know if they'll do well. >> is ...

It is in a nose dive. >>neil: that worries me when we hang our hats on these guys, and i take nothing away from site but i worry about the high expectations set up, because i also as we all remember, yesteryear's stars, the pets.com, and all these high flying companies in the moment and the moment was gone. how do you tell people, look at this, what is meat and what's sizzle. >>guest: well, a tough question. remember what happened in 1999 and 2000, we had the dot.com burst. we lost $7 trillion of wealth back in 1999 and 2000 when people were buying amazon for, at one point the capitalization w...

I think the liberal democrats can get away with things that others can't. the obamas live large and go to glam spots, the vineyard, the clintons did this, too. no one said much, except the re-election year of 1996. you had dick morris poll to see where he should go on vacation. >> and he went to new jersey? >> he went to the west. reagan had a very pleasant ranch in california. >> santa barbara, not crying for reagan. >> we tease him about speeding around in a cigarette boat. but the clintons and the obamas, they are martha's vineyard -- you who do you pronounce that? >> martha's vineyard, yes...

This is where it gets really, really. because i've got a scissors lift. and it's got to be important if i'm going to do this. let's watch the red line. as it goes up. uh-oh! what's happening to the world g.d.p. per capita? what's happening? uh-oh! this is all the way up here. what happened? that's a long way down there, huh? look, it was so flat. at 1800, gee, what happened? that must have been when we came up with pets.com. no, no. what was the other one that was going to revolutionize -- segway! the segway! no. gee, what happened around 1800? hey, i know. you could immediately dismiss this t...

Going on -- when was it? 2000? dot-com bubble had just burst. pets.com, forks.net. apparently not worth $3 billion. who would have seen it coming? our economy was weak. then we were hit with 9/11. if you were listening to me back then on the radio, i told you a year after 9/11, guys, i see something wicked this way coming. too many things are starting to come together. america has conquered big problems before. it's when people call and say we're america, we have done everything before. no, no, no. we have conquered each of these problems individually. but never all of them at once. every sing...