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Strategies & Market Trends : Sharck Soup

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To: Skeeter Bug who wrote (36385)	10/5/2001 10:12:40 PM
From: Jimbobwae	Read Replies (1) of 37746

Message #36385 from Skeeter Bug at Oct 5, 2001 6:29 PM >>Greenspan had little to do with it<< C'mon, Greenspan had nothing to do with it. Commitments by CEO's to spend $ or for venture capitalist to invest were never based decisions on what Alan Greenspan thought or was doing. people are ALWAYS greedy. something was different this time. what was it? i will tell you in a minute... Greed is a relative term that IMO is a function of individual behavior. Certain institutions promote the synergy of these emotions and too many that participate in business and the markets indulge in them at an institutional level. >>The loose banking system was a factor<< yes, and guess who has an impact on banking behavior? You apparently were not around during the S&L crisis in the '80's. Banks lent $ at 10:1 ratios with little real collateral required. I know, I was interviewed by the FBI to provide evidence for some of the few of the schmucks that got locked up indulging in illegal behavior. I can't even comment on the rest of this post because it reeks of the "blame others" syndrome that has gripped so many losers in the cyber-investing environnment. Its tiring to read so many posts that blame the state of the economy on the actions or decisions of others like Alan Greenspan. What about John Chambers, Scott MdNealey, Larry Ellison, Bill Gates, and all of the thousands of uber-optimists and their gang of analysts? Heck this certainly includes simple traders like myself whom have nothing to blame but our own decisions to read the present and anticipate the future. The question is not what caused the bubble to crash but what caused the bubble to inflate in the first place. Alan Greenspan warned in 1998. "We" did not want to listen because "We" were too busy creating a "new economy" that did not respond to the historical rules that reflect true value. The markets are true to the determination of present and future value. Any stock that is now delisted or any company that is now fighting for its life is not fighting for its life vs Alan Greenspan. It is fighting for its relevance in the future based on its ability to understand and respond to the anticipated future. The markets are a wonderful mechanism for discounting this future existence and the people that get caught speculating/investing in these companies that don't make it have only themselves to blame. Just the way it should be.

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