Cookie Hysteria is the irrational and erroneous belief that HTTP cookies on the World Wide Web are dangerous.
This is wrong for the following reasons:
Proviso: It is possible for a site to cause to be set a cookie outside of its domain by including an image from that domain. In this scenario, called "third party cookies" the server sending the image from the other domain sets and reads its own cookies. The server that sends the page that includes the image cannot actually read the third party cookie, or vice versa.
However, if these sites are operating in close cooperation, they could share data with each other by another mechanism. However, in this case, this is not any different than if the site had set its own cookie. Typical uses for this are outsourcing arrangements (such as when a site uses a third party service for traffic analytics) and cross-domain authentication networks such as passport.net