Tulipomania Blowoff Contest: Why and When will it end? Message Board

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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end?

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Jun 26 5:00 PM EST

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To: The Duke of URL© who wrote (1624)	6/25/1999 3:13:00 AM
From: KeepItSimple	Read Replies (1) of 3543

#3 Why? Combination of reduced liquidity due to Greenspan raising interest rates next week, along with the HEAVIEST INTERNET IPO WEEK IN MARKET HISTORY. So at the same time the fed is drawing in the pursestrings, the number of worthless internet stocks will rise dramatically. The equation has been the exact opposite of that situation since greenspan cut rates last october. Almost free money and just a few scarce internet stocks was the secret to maintaining the mania. When? Starting today, Friday 25th. The maximum damage will occur monday through wednesday of next week. How much? 70-90% haircut on all non-profitable inuts.

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