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Strategies & Market Trends : Sharck Soup
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To: velociraptor_ who wrote (36381)10/5/2001 7:14:24 PM
From: NOW   of 37746
 
"To anticipate a bubble about to burst requires the forecast of a plunge in the prices of assets previously set by the judgments of millions of investors, many of whom are highly knowledgeable about the prospects for the specific investments that make up our broad price indexes of stocks and other assets. "AG
Sounds very different than "irrational exuberance".
I will not argue that AG was THE cause of the bubble, but to pretend he played NO role in it, is, IMO, equally ludicrous.
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