Daniel Peris
Daniel Peris
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A significant Nasdaq rally will be difficult. Those who were burned in the dive will see a $5 stock go up to $9 and then get out. Today's tough investing environment is in some ways distinct from what is actually happening in the economy.
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Investor sentiment is important, but not nearly as much as basic company growth. While the vast majority of the first-generation Internet companies may not survive, the leaders ? those with first mover advantage and no small measure of luck ? will survive and will take the Internet to its second, more mature phase of development.