Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Maurice Winn who wrote (27903)	1/26/2003 5:28:43 PM
From: Raymond Duray	Read Replies (1) of 74559

Re: Uncle Al's comments that it's only in hindsight that one can know whether it's a boom or a bubble. Nonsense. Al's lying. He knew that we were in a bubble as soon as he got Wall Street's reaction to his "irrational exuberance" comment. By caving in to the demands of Wall Street, AG was instrumental in creating the ensuing bubble. The pabulum Al is spouting is merely a rear-guard effort to salvage his eroding reputation with his own rhetoric.

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