Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Perspective who wrote (17459)	9/11/2000 10:20:43 PM
From: pater tenebrarum	of 436258

you have to factor in the Greenspan put...the firm belief by market participants that he will save the market from any serious decline, which in turn makes actual put buying unnecessary and makes the declines themselves less likely... his introduction of moral hazard is among other things what has made this mania possible....you know, the bubble that didn't exist and has become less of a bubble now....

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