The art of flipping tech companies has caused the stock market to flop

There’s nothing like a spectacular run in the stock market to set pulses quickening, and a spectacular decline-like the recent one-to send everyone running for the antacids and tranquilizers. What’s happening here? Is technology really just a hype phase in the market? Is the investment community just caught in its own excesses? No. There are two explanations for the Nasdaq plunge: greed and hype.

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