Did the Invention of the Internet Cause the Stock Market Crashes of 2001 and 2008?

According to www.stockpickssystem.com, the Dot Com Bubble burst caused the stock market crash of 2000.  However, let's check out some basic supply and demand principles, here.

The law of supply and demand, described at www.investopedia.com, states that the more buyers there are the higher the price becomes.  So, didn't the invention of the internet bring a lot more buyers of stock to the table?

If stock can be purchased from the comfort of your home, doesn't that drive up prices?  This applies to the housing market as well.  So, the question becomes, how over valued were the actual stock prices.  When you purchase stock, do you hope that there is some sucker out there that will over pay?  Do you hope that they will over pay, more than you have over paid?

How do you think we fix this issue of supply and demand, which inflates stock prices well beyond their actual value?

This post was reposted from http://finlit.biz/retirement-2/did-the-invention-of-the-internet-cause-the-stock-market-crashes-of-2001-and-2008/, originally written on February 5th, 2013.