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Technology Stocks : Compaq
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To: Andreas who wrote (87925)12/14/2000 7:17:28 PM
From: Windseye  Read Replies (1) of 97611
 
I agree... I never believed that Greenspan did NOT look at the markets; even his comment about "irrational exuberance" was his description/judgment about it.

I suspect that he either really failed to understand the internet bubble phenomenon and hence has over reacted or, more sinisterly, he bought puts in some "blind" account (or his buddies did). If he really had looked carefully at the bubble economy and had a reasonable understanding of it then he would have acted more cautiously... unfortunately he has overestimated the underlying value of the dot coms.

Doug
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