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: KeepItSimple who wrote (1386)	4/27/1999 1:25:00 PM
From: charger	Read Replies (1) of 3543

Answer: Greenspan must prevent the bubble from bursting. He realizes that a stock market collapse now will ravage the global economy. He let the bubble form, and it must be preserved at all costs. The next election rides on it, as well as his job and reputation. Funny how 4000 points ago it was irrational exuberance and now nothing. The stock market bubble is public policy, like it or not. What does that tell you? Markets will have their way no matter how governments manipulate them. Too big to fail? We shall see... Psychology never changes, and parabolic moves all share the same fate. Anyone who's ever traded commodities will tell you that. After the crash everyone will point to the rampant speculation and absurd valuations and say "All the signs were there, how could you not see it coming...I got out blah, blah, blah..." Yeah, right. See ya!

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