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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 221.95

-0.3%

2:25 PM EST

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To: Oeconomicus who wrote (140016)	2/28/2002 11:58:02 AM
From: Skeeter Bug	of 164684

>>The problem was the potential for a bubble, given the warning signs Lindsey noted, not that there was a bubble in place in September 1996. The problem they thought they should "keep an eye on" was that potential for a bubble, not an existing bubble.<< ok, we can at least agree they knew it was an issue at, what, dow 6000 and naz 1500? if they knew the bubble potential was a problem in 1996, why didn't they know it in 2000 with the dow up 66% and the naz up 230%+? why the "we can't know a bubble until after it pops" and "the new economy (created by calculation adjustments not by the economy itself) can support the current market" crap? if the economy was the super tanker greenspan said it was then why could a single ltcm take it all down? why manipulate the markets with new economy talk (a new economy that clearly didn't exist outside of statistical mirage and alan knew this b/c he did it!) while printing money so bubbleheads could use it as fuel to gamble - just as they said would happen 4 years earlier? the dude is rotten. he created a bubble and actvely fomented it. now we pay the price for his lack of leadership and desire to take the easy way out w/ no concern for long term consequences - the same mentality wreckless kids have. jmho, but i'm confident i have the facts to back it up.

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