By Aaron Task Remember the 1990s? It was a heady time for investors.
Stocks surged to unprecedented heights as excitement about the internet’s promise captured the world’s imagination. It was an era of “hot initial public offerings (IPOs)” featuring unprofitable companies like Pets.com.
These companies went public based on hype, hope and “new-era” metrics like eyeballs. And investors couldn’t get enough of them.
The dot-com bubble was truly a mania. It seemed like everyone in America was trading stocks and bragging about their winnings.
And a few key factors suggest we are a long way from those days…
Stock valuations: Today’s price-to-earnings (P/E) ratios are higher than average, …read more
