In the 1990s, Several Stocks Had Very, Very High Price

question 161

Essay

In the 1990s, several stocks had very, very high price to earnings ratios. These stocks appeared overvalued to many observers. What might the people who bought them have been thinking?

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Definitions:

Morphine

An opiate analgesic derived from the opium poppy used for pain relief.

Sympathetic Systems

A part of the autonomic nervous system responsible for the body's 'fight or flight' response to stressful situations.

Parasympathetic Systems

A branch of the autonomic nervous system responsible for conserving energy and reducing the heart rate.

Opposing

Diametrically differing or conflicting with another position, direction, or idea.