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Strategies & Market Trends : Classic TA Workplace

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To: NOW who wrote (19732)	11/6/2001 8:34:45 PM
From: 4rthofjuly007	Read Replies (5) of 209892

My final thought. It's interesting to me that of the factions that think AG is a buffoon, 2 are diametrically opposed. Group 1: Lost money when the bubble popped. Either got in to late or got too greedy and went in heavy at the top and got creamed. Some who actually think that if not for AG tightening so much, the comp would be at 7000 by now and everyone would have a champagne fountain and a private chef making them lobsters. Group 2: Sold too early or worse shorted and watched the market run. I can't complain about how I fared during the bull, but definitely was none to pleased to see total clowns make money after selling my long positions at comp 3500. I knew it was a bubble. I just never thought to blame AG. Who's right? I find that the people on this board are quite sharp, much more knowledgable than I and don't think that the criticism for AG is anything but sincere. I even sense concern, as well there should be. I just don't see how AG could have done things much differently given what he's had to work with. He did take measures to tighten and pop the bubble knowing the unpopular consequences. Remember, everything is easy in retrospect. Think about how tought it is to trade the market. Imagine what this guy is up against. If anyone can tell me, I'm all ears. Can anyone tell me with certainty that overnight repo money found its way into AMZN? Did AG provide the funds that enabled a bonehead CEO to pay 10 billion for a company that is worth 2 million. Wall St. and a greedy, and in some cases uneducated public, created the bubble imho. AG made mistakes but I still stick to my guns: boom and bust were here before AG, no? And boom and bust will happen again. As human as fear and greed. You watch. I wouldn't mind a little bust tomorrow. I'm short NDX pretty good right here.

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