Investor AM: Dot-com rebound short-lived?

Summary:If you took a stand on April 1st and told all your pals to buy dot-com stocks, you probably would have gotten quite a chuckle and a few referrals to get counseling. After all, it was April Fool's Day.

If you took a stand on April 1st and told all your pals to buy dot-com stocks, you probably would have gotten quite a chuckle and a few referrals to get counseling. After all, it was April Fool's Day.

But if you had bought dot-com stocks on or after April 1, you would have been laughing all the way to the bank--at least until May 4 or so.

Now we're hardly going to proclaim the return of the Internet glory days, but it's a notable little trend. Of course, the gains may be merely a "dead cat bounce," a situation where stocks rally from the basement to get to the first floor. Full story. --Larry Dignan, ZDII

Topics: Banking

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