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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end? -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (2165)	11/25/1999 4:07:00 PM
From: Mad2	Read Replies (1) \| Respond to of 3543

Well another bearish view from the Street....its been a tough year trying to be rational. One of these times the bearish view will prove correct Mad2 "We thought interest rates were going to turn around -- they didnýt," said Sam Ginzburg, Managing director of equity trading at Gruntal. "Hopefully we'll see the economy slow and the bond market come back. If it doesn't, we're going to run into a lot more problems." While acknowledging the Comp's impressive performance, Ginzburg said "it feels like we're going to get smacked" next week. "Everybody is saying things are okay, but I don't feel that irrational exuberance anymore." Today was busier than a typical preholiday session, he said, suggesting market players were "selling what they could" and "squaring up" ahead of the end of the month. "If you don't have a name stock or one where management is going to pump it up at a conference or aren't in the right sector, everything else is dead and going one way -- down," he said. "I do see the Comp is up but if it gives it up, if it has one bad day they're going to come after everything else with a vengeance." thestreet.com