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Technology Stocks : All About Sun Microsystems

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To: Carmine Cammarosano who started this subject	7/28/2001 12:32:33 AM
From: QwikSand	Read Replies (1) of 64865

The last paragraph of today's Fleckenstein Rap column. --QS Al Loves The Bubble. . . So Far Lastly there was a stunning quote by Easy Al at the bottom of the front page of The Wall Street Journal: "At a hearing, GOP Senator Gramm says to Fed Chairman Greenspan, 'If this is the bust, the boom was sure as hell worth it. You agree with that, right?' Greenspan: 'Certainly.'" This has to go down as the single most ignorant statement Greenspan has ever made (and that's a mighty tall order!). Talk about the blind leading the blind. Gramm has a doctorate in economics and Al is Fed Chairman and collectively they are totally clueless about the biggest bubble in history and the damage that is yet to occur. This is a keeper because I promise you five years down the road Greenspan will say "but we knew things were going to get terrible, that's why we eased" because that's the same thing he tried to pull five years after the last recession, which will turn out to look like a rounding error compared to what we're about to go through.

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