Expedia’s stock price hit an all time high last week. Making travel arrangements online is convenient, fast, and cheap… I wouldn’t want to do it any other way. Whenever I ask the people who sit next to me on planes where they got their tickets, I almost always hear: Expedia.com (EXPE), or Travelocity.com (TVLY), or priceline.com (PCLN).

Expedia’s stock has more than tripled since the terrorist attack last Fall, proving that 1) people haven’t stopped traveling, 2) e-commerce is alive and well, and 3) the best time to buy stocks is when things look worst.

Merrill Lynch first came out with their Exchange Traded Fund product for the Internet sector (HHH) in late September 1999. That issue preceded the final blowoff in the market and proved extremely popular. Understanding the old Wall Street maxim: “when the ducks quack, feed ‘em,” Merrill quickly issued several more Internet-related ETFs.

As you can see from the charts, proof exists that there is such a thing as superior market timing. ;-)