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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end?
YHOO 52.580.0%Jun 26 5:00 PM EST

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To: purecntry5 who wrote (73)12/22/1998 7:04:00 PM
From: eWhartHog  Read Replies (2) of 3543
 
Number Two

December 29,1998

The kids have been at home for several days on school holidays, playing with their toys and driving home-based daytraders crazy. Wishing to leave the house, but unwilling to maintain long positions in internut stocks, they sell their longs. Thus begins the crash. This is also the first trading day settling in 1999.

Other reasons may be give as the cause of the December 29 crash, but this will be the real catalyst.

I also wonder who supplies the booty.
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