Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Rarebird who wrote (21638)	7/15/1998 9:40:00 AM
From: Mike M2	Read Replies (1) of 94695

rarebird, you make a good point about bears may feel some resentment about having missed some of the fun but I am also concerned about the aftermath when the bubble bursts. I feel the FED should have done more to check the speculation (raise rates) but it is premature to second guess when the music has not stopped. If the current mania ends badly like all other manias then the public will have the right to be outraged because Alan Greenspan and Bob Rubin should have foreseen the collapse and done more to control it. Based upon history, I can see it coming, but it remains to be seen if it is different this time. I doubt it. Mike

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