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Technology Stocks : Cymer (CYMI)
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To: craig crawford who wrote (6609)10/26/1997 10:34:00 AM
From: Gerald L. Kerr  Read Replies (3) of 25960
 
Re Fleckenstein: >>I would say that he came out looking OK<<

Hmm...he said that Cymer makes UV "bulbs" and that Cymer's business is "just going to go away" after about six months. Obviously nothing more than trash talk.

But the interesting question is why the pages of Barron's were made available to him for this nonsense.

I don't think it's purely by chance that after Greenspan's congressional speech decrying speculative excesses that every bear in the world was suddenly offered a podium and a microphone from which to expound. Nor that CNBC spent an entire day recounting the scary events of October 1987.

Goal: Scare the pants off everyone, especially the little people, thereby (hopefully) avoiding a speculative bubble and a real crash further down the road.

Oh, and just by happy coincidence, the foundation has been laid for some nice profits for those buying in at the lows when it's "discovered" a few months down the road that the world isn't ending after all.

My opinions only,
Gerry
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