Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Ilaine who wrote (4676)	6/10/2001 6:52:53 PM
From: TobagoJack	Read Replies (1) of 74559

It is possible that a fair chunk of that money disappeared already. The problem with easy money is that folks waste it on things like CSCO at odd prices. Some of that money was must be 'hot money' and when it does leave, at the margin, can trigger all manner of dislocations. I intuitively do not like big bold moves in finance, because we do not fully understand the nature of the beast. Chugs, Jay

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