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One Statement Made About the Internet Bubble in 1999

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Unlike with other famous bubbles ... the Internet bubble is riding on rock-solid fundamentals, perhaps stronger than any the market has seen before. Underlying the crazy price increases are the foundations of what could become the early 21st century's leading growth companies.... Just because the Internet stock phenomenon looks like a bubble, it isn't a given that the bubble will burst. (CIBC Oppenheimer analyst Henry Blodget, in a News.com article, January 1999 A113the bubble will burst.")