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Technology Stocks : Compaq
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To: Captain Jack who wrote (90428)3/22/2001 10:18:04 AM
From: Windseye  Read Replies (3) of 97611
 
Jack and El,
I think this AG thing is surprisingly simple. AG made a mistake... he UNDER ESTIMATED market forces at work last Spring and decided to take the law into his own hands and he obviously and clearly over reacted with all his rate cuts. So I agree his EGO was in the way and instead of noticing that the markets were peaking and setting themselves up for their own bubble burst he interfered a too dramatically. Interesting that an ex-Ayn Randian would behave so precipitously and with such full EGO.

And now the lowering of rates is being seen as being sufficient, good, and just. Well, I also think he goofed badly and I suspect that part of the reason that the Naz and DJI are so low is that people are sensing that AG is out of control and REALLY doesn't have a handle on how much to intervene and when.

DJ
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