First Posted: 05/10/11 01:32 PM ET
Nathaniel Cahners Hindman
"..Across the globe, more than $5 billion flowed into young web companies in the first four months of 2011, Reuters reported...
...So far in 2011, 16 web firms have filed IPO documents with U.S. securities regulators, seeking to raise proceeds estimated at nearly $4.1 billion, according to Thomson Reuters data. That already tops the full-year totals for every year except 1999, when 52 companies filed to raise $4.2 billion..."
Herd investment behavior by Wall Street speculators and traders who have wayy too much testosterone fueling their outrageously risky behavior and a bunch of kids who haven't lived through bubbles popping in such a way that it actually affected them makes for a cocktail that we should not be drinking.
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