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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (66638)	8/23/1999 10:52:00 AM
From: Knighty Tin	Read Replies (4) of 132070

To All, In "Devil Take The Hindmost," the description of The South Sea Bubble sounds so much like our current bull market that it is scary. Folks were going around touting the idea that the higher stock price is the key to profits, not operating results. Sounds familiar. It also seems that this is where the options for salary scam got started and where our investment bankers learned about luring suckers into a worthless new issue. Gotta love this book. Nearly every bull quoted from the 17th and 18th century manias sounds just like SI's bull contingent. <g> "Few men who follow reason's rules, Grow fat with South Sea diet, Young rattles and unthinking fools, Are those that flourish by it." Edward Ward, "A South Sea Ballad."

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