Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 40.56

+10.2%

Nov 28 9:30 AM EST

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To: Hightechhooper who wrote (124279)	1/5/2001 12:38:32 PM
From: Robert Douglas	Read Replies (3) of 186894

hopper, While I share your sentiments that this should be a civil forum, I don't think your blaming of the Fed is remotely accurate. I often hear people say that it's the Fed's fault that there was a bubble. How so? Did the Fed force margin buyers to borrow? Did they hold a gun to someone's head and make them buy ridiculously priced stocks? I don't blame the Fed. I blame legions of naive investors who thought that CNBC and an internet chat group were experts on investments and would make them rich. I blame the fools who think that a business plan is worth 20 billion dollars, despite lack of sales. I blame the ignorant speculators who thought they were going to get rich and rationalized their buying of companies without any regard for value. This isn't anything new. Bubbles have been taking place for hundreds of years. I don't feel any sorrier for some poor soul who paid $200 for Yahoo than I feel sorry for some poor Dutchman who paid a year's salary for a tulip bulb. Don't blame Greenspan et.al., he warned you years ago. A word to the wise, as it were.

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