Tulipomania Blowoff Contest: Why and When will it end? Message Board

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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end?

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Jun 26 5:00 PM EST

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To: charger who wrote (1385)	4/27/1999 11:58:00 AM
From: KeepItSimple	Read Replies (3) of 3543

Someone wondered why Greenspan would watch the market party in a drunken orgy - now about to hit 11,000 in the biggest speculative bubble of all time- especially since he called the market "irrationally exhuburant" when it was below 7,000. The answer? Two kleiner perkins partners are on Al Gore's financial advisory board. Al Gore's buddies have all their power based in the stock market of internet ipo's. If the market continues, they'll practically own the country. If the market corrects, they wont. Greenspan is defenitely having pressure applied to him. Hell, is anybody out there sure he can't be bribed? There is a LOT of money involved here. (just trying to figure out _any_ reason greenspan thinks 11,000 is ok, but 7,000 was way too high)

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