Tulipomania Blowoff Contest: Why and When will it end? Message Board

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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end?

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Jun 26 5:00 PM EST

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To: Mad2 who wrote (3510)	7/11/2002 11:22:10 PM
From: Das Boot	of 3543

Pretty bleak Mad2, I really do feel for the unsuspecting masses who got sucked in via their 401Ks and pension funds. But it was the uncontrolled greed of the longs which ushered in the "Wrath of God". We may be telling our grand kids one day about the time when everyone went bonkers over stocks, a time when you couldn't go into a deli without seeing tickers on TV and postal workers, factory workers and grannys discussing which tech stocks to buy. It was also a time of gross negligence, by the pension and fund managers, by the brokerage houses, by Wall Street, by corporate America itself, and by the Federal Reserve. It seems that greed trumps reason every time, and that history is destined to be repeated, time and time again. But that was then, and this is now, and many of us bearish types who refused to participate in that madness are recouperating some of our losses a little bit at a time... Aufwiedersehen, Das

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