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To: Giordano Bruno who wrote (57494)8/20/1999 12:01:00 AM
From: Ken98  Respond to of 86076
 
<<So what happened to irrational exuberance?>> Passe.

The Fed got sucked into the bubble like everyone else. The stock market went from a reflection of the economy to BEING the economy. No one wants to be an adult and say that we have a bubble and, long term, it is harmful. The chickens are already coming home to roost. This week we has a couple of "darlings" from a couple of years ago file for BANKRUPTCY - Iridium and Planet Hollywood. How many other debt bloated pigs are there out there waiting to implode?