In the last two years of the nineties, seemingly any random Internet stock pick began to feel like a sure-thing lottery ticket, and that is why we remember this period as the dot-com bubble. Internet stocks proved to be particularly susceptible to speculation for a couple of reasons. Dot-com companies were young. They were going public sometimes only months after their creation. When they showed any sign of growth, their stock prices took off because it seemed to validate the notion that there was only more growth ahead.
