Word: sated
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Dates: during 2000-2009
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Finally, even though the investment banks spewed new dotcoms at a record rate, there is simply not enough supply of these high-growth stocks out there to sate the demand of both the individuals and the institutions that want them. A slight curtailing of the new-issue pipeline, mandated by regulators as a pre-Y2K bug precaution, caused the few Business-to-Business plays out there, like VerticalNet, to soar. Stocks trade as a function of supply and demand, and right now every dotcom is Pokemon at Christmas--only in the case of stocks, the shortage won't be fixed...