&gt;You couldn’t go anywhere without people talking about the stock market.  Everyone was in or new someone who was in. There were hundreds of companies that were coming public and could easily be bought and sold.  You just pick a stock and buy it. Then you pray it goes up. Which most days it did.<p>So people trading stocks without understanding the business or how the valuation of <i>that</i> stock was related to a core business. But simply pumping money into a market causes a correction eventually right? To re-allign its value against the <i>actual value</i>?<p>Nope wrong author goes on to talk about how tech business has imaginary worth.