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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 674.96

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To: Crimson Ghost who wrote (63308)	11/29/2000 1:23:42 AM
From: Bill Larsen	Read Replies (1) of 99985

I have been saying the NAZ was a bubble for years. But I and other bears looked like fools as the NAZ kept going from one absurd level to the next even more absurd level -- reflecting the Fed's bubble supporting monetary policy. But as the old saying goes -- "he who laughs last laughs best" Unfortunately, the Abby Cohens, Blodgets, Goldman Sachs, and all the rest of the IB community that underwrote, pumped, and otherwise misled the investment community, have done quite nicely over the last few years (thank you very much) and I think they are probably getting the best laugh of all. Meanwhile a lot rather more common folk are standing around holding some of the sacks of sh*t they peddled and are, well, not laughing... I am not trying to divert attention from the responsibility that individuals have to think "RISK" and plan accordingly, I just think those with greatest culpability in lifting valuations to historically unprecedented levels are probably not the ones getting burnt.

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