>>>>however it is not beyond imagination that this disaster was clearly anticipated and those in the know took advantage of it as you say.>>>>
sure it was, anybody who watched the day in day out ipo frenzy from november 98 thru march 00, and didn't think it was outrageous, was either naive or stoopid, or too clouded with greed to believe that there would be a pitch side of this kind of excess,
>>>I suppose many will say let the buyer beware and the suckers deserved it>>>>
exactly, thats as it should be, only during the last decade has the stock market become an "investors" buy and hold market as published and sold by the media, i think if you look at the public sentiment in regards to the stock market over the last century, periods like this are an anomaly.
the sentiment towards the stock market is only reverting to the mean, a place of pimps, pumps, touts, and muny whores. |
