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To: Bill Harmond who wrote (67873)7/15/1999 4:49:00 PM
From: KeepItSimple  Read Replies (4) | Respond to of 164687
 
> Are you calling another bottom without knowing better?

Greenspan bailed out LTCM because it threatened to badly damage the world economy.

If our stock market bubble were to collapse, it would throw this country into a depression the likes of which haven't been seen by any industrialized country since Japan's real estate bubble burst.

Therefore, our government will do ANYTHING within its power to keep this bubble going on for years and years.

Governments have a lot of power, if you hadn't noticed. The US alone has run up trillions of dollars in debt, but since we are the rulers of the world it doesn't matter. We can certainly run up trillions of dollars of "NO INFLATION, REALLY" money in the stock market with about as much personal pain as the national debt causes us. ie, none.

The fix is in, and the liquidity gates are wide open. All that froth is going to land in the same place- the most speculative and highly rewarding of all stocks, the pure play internut stocks.