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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: limtex who wrote (72486)2/27/2001 3:51:42 PM
From: AllansAlias  Read Replies (1) of 436258
 
limtex,

You will not find much of an ear for that reasoning except among permabulls. Most serious writers believe that the damage was done in the years prior to the March top in the NASDAQ. Bubbles never unwind nicely. You can blame the straw that broke the bubble or you can blame the bubble.

It set off the greatest stock market crash in history You need to read more history. All we have so far is a moderate tech-wreck. It will get worse though.

We agree that the fallout will last for years, but it is a distraction to concentrate on Greenspan and particularly, on the last round of rate increases.

Cheers. Allan.
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