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Politics : Politics for Pros- moderated
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To: Michelino who wrote (1937)6/6/2003 5:23:11 PM
From: Nadine Carroll  Read Replies (2) of 793972
 
It's hard to follow how an eight year period of gains is only is a "bubble". The Nasdaq is still up %130 from when Bill took office , including the bubble and its aftermath.

gains and losses don't mark a bubble, size & velocity do. Go look at a Nasadaq chart for 1995 - present, and note the rise from 1000+ to 5000 and back to 1000+. The Nasdaq moved up and down so fast in 1999 and 2000 that it even disobeyed the old rule "stocks go down faster than they go up" during its drop from rise and drop from 2500 to 5000 to 2500.

Now that's what a bubble looks like.
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