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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Mike M2 who wrote (50328)12/22/2000 2:12:21 AM
From: Simba  Read Replies (2) of 436258
 
Mike:

Well said. I do believe that in spite of the 50% nasdaq haircut, it has happened slow enough that wall street and the insiders of the dot.con and tech companies have pocketed the hard-working man's savings.

As Bill Fleck says Alan Greenspan and Rubin were fully responsible for this transfer of wealth. I saw a show on CNNFN on the dot.con crash and they were trying to lay some of the blame on analysts like blodget and meeker and they asked Prof. Jeremey Siegel ("stocks for the long run" book author and Wharton prof. of finance) if wall street was to share the blame. Prof. Siegel made an irresponsible comment in my opinion. He said the retail investor is fully to be blamed for being greedy and gullible.

Simba
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