Is Facebook the New Apple? (And Two IPOs to Watch)
As my boss likes to say, “Trends often last longer than anyone expects.” That’s very true. But it’s also true that, once a trend ends, it takes a long time for investors to come to terms with it. That’s true of both major market trends—it takes months for the general public to get bullish or bearish after a big turn, for instance—but it’s also true when it comes to individual stocks.