<<You can not reward a man who kills off 25-30% of the Stock
market, which is over half of the US economy by itself; that is: Punish and Penalty
OUGHT TO FOLLOW ANYONE who throws 12-15% of the annual income in the
toilet, which is what Greenspan did, all because he is NOT modern in his thinking on
GROWTH without limits, which is what the techs and the "Internet Revolution" has done
and will do, way beyond the heyday of the 18th century industrial revolution and classical
economics that clouds Greenspans outmoded thinking.>>I am sorry GZ,but I have to agree this rings of a sour grapes bull who has just lost 25% on his portfolio value.
The bull market as it has raged on has developed a fantasy to justify itself--the growth without limits propagandizing.
This type of delusion would lead to" Ground Zero" event,eventually,IMO.
A race directly to 14,000 would have created not a mere major correction but a deep crater where a bull market once stood.
I,myself,like to view the market in terms of physics,and a race directly to 14,000 would,in my opinion,have brought the market to
critical mass.FWIW,Max90 |
