Boom Often Follows Bust

The Dotcom Bust of several years ago was a financial response to an overhyped reality. This time it looks like valuations are based on performance metrics. Today, Piper Jaffray raised the target price on Google to $600…a 35 percent increase over its previous $445 target. Story here.

The entire Internet sector has risen about 22 percent in the last eight months. It has also risen almost 350 percent since “The Bust” low. Now that’s ROI!