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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Wyätt Gwyön who wrote (125365)9/25/2001 6:30:55 PM
From: BGR  Read Replies (6) of 436258
 
Dude, don't kid yourself. The bear market was created by needlessly tight monetary policy adopted by the Fed. That it was needlessly tight is clear in hindsight, as there is raging deflation going on right now. BTW, I understand that it was not AlanG but some other members who acted as inflation hawks. The dotcoms had high cash burn rate, so as cost of capital went up, they went bust. But, so did LU. While many had complained of LU being overvalued, no one had ever complained of LU having an unsound business plan.
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