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Technology Stocks : Wind River going up, up, up!
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To: Allen Benn who wrote (9342)3/21/2001 2:51:41 PM
From: chic_hearne  Read Replies (1) of 10309
 
The U.S. stock markets lost 70% of GDP, probably the largest market loss ever in the U.S. in both absolute and percentage terms.

Are you aware that the total market value in 1929 was 70% of GDP? Are you aware that the total market value of Japan in 1989 was 130% of GDP? Are you aware that the total market value in March of 2000 was well over 200% GDP?

Now I ask, was the problem tightening too quick and loosening to slow in 99/00? Or was the real problem that this bubble got way too damn big in the first place.

I agree Greenspan should get the majority of the blame. I disagree that it was anything he did in 2000 or is doing now. The real problems began in 1995 when the market took off and no one stopped it.

JMHO
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