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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: Defrocked who wrote (68994)10/14/1999 9:32:00 PM
From: Lucretius   of 86076
 
i love this.. they're in denial:

The Dow index is also more than 60 percent higher today than
it was when Greenspan issued that 1996 warning.
''We wouldn't sell on this,'' said Doug Johanson, a
portfolio manager at IMS Capital Management in Portland, Oregon.
which oversees $60 million. ''He's saying what he's said 10 times
-- that the high price of equities worries him.''

my favorite parts were:

the "grey haired guys are not obsolete due to risk management programs" and "This happens time and time again throughout history," he said''Whether Dutch tulip bulbs or Russian equities, the market price patterns remain much the same,'' he said.

HO HO HO

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