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Strategies & Market Trends : The Stock Market Bubble
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To: Terry Whitman who wrote (700)7/2/1998 9:00:00 AM
From: Allan F  Read Replies (1) of 3339
 
Here's an original thought for the thread (at least I hope its original, I thought of it all by myself:-)

Perhaps the Fed is counting on a Y2K induced panic, er... correction in the markets/economy. I've heard a number of people predict one likely to start mid-1999, only a year away now.

The reasoning is like this: Greenspan realizes the stock market has past the point of a graceful correction. Last time he tried to make so much as a warning statement he was blamed and ridiculed for driving down the stock market. By allowing one to occur due to Y2K, the outcome would be the same, but he would get none of the blame.

As an added benefit the government could use it as a reason to "regulate" the technology industry. The demagogues could yell, "look what these programmers have done. The technology industry is too central to the rest of our economy to be allowed to run without some kind of (i.e. governmental) oversight."

Not that I am into conspiracy theories, but its a thought.
-Allan
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