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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end?
YHOO 52.580.0%Jun 26 5:00 PM EST
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To: Sir Auric Goldfinger who wrote (2120)10/28/1999 2:11:00 PM
From: charger  Read Replies (2) of 3543
 
Too big to fail?

Are there any bears left out there? It won't be long before they're all wiped out. Looks like it's on to new highs unless MSFT gets a bad ruling Friday. I guess the low last Monday was as much of a crash as we're going to see. All hail the greatest stock market bubble of all time, not. Getting my business degree was the worst thing that ever happened to me, because they teach you about fundamental analysis and things that are supposed to matter, but haven't mattered for the last 5 years. The people making bank by trading these days have no concept of value, or fundamentals. You check your fear at the door, as well as any notion of valuation.

I'm almost of the mind now that the stock market has gotten too big to fail and the powers that be will do anything to keep it from crashing. There's too much at stake at this stage of the game, and bears will continue to fight an uphill battle. Inflows continue to pour into the market at record levels. These fund managers are lemmings and will pile into the same stocks for fear of getting left in the dust. Maybe Greenspan should toss his risk premium speech in the trash. We can't even muster better than a peak to trough of 10%!!! Good grief.
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