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To: JBL who wrote (91592)	1/20/2000 1:01:00 PM
From: Greater Fool	Read Replies (1) \| Respond to of 164684

Hm ... does knowing (or at least thinking) that this is a mania make it in any way not a mania? Or does it make it even more of a mania? Don't forget that the infamous tulip bulb mania lasted two years. That's a long time for a mania in some damn plants.

To: JBL who wrote (91592)	1/21/2000 10:04:00 PM
From: Tom Kearney	Read Replies (3) \| Respond to of 164684

JBL - The great depression was caused by a shrinking money supply. As the depression worsened, rates were further raised and the money supply shrank even more, because the Fed didn't understand the problem. The econony shrunk with the money supply. The 1929 crash did not cause the depression. Perhaps the Oct drop was a bubble that popped. But, because of the depression, we don't really know how bad the bubble was. Other events superceded the crash. The 1987 crash is a better model, a market collapse in good times. But, this model has problems, too. People can get into the market much easier now. And many of us are standing by with plenty of cash to pour in on the next 10% dip. The Dow may well go to 36,000 in the next 3 to 5 years. Regards, Tom