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To: Alex who wrote (53239)	5/24/2000 10:11:00 PM
From: LLCF	Respond to of 116756

<When you hear revisionist historians -- such as Malcolm Forbes and Larry Kudlow, et al. -- who blame the problems of the 1930s on Fed tightening, it demonstrates a total lack of understanding of the problem with bubbles. Regardless of what causes it to burst, the aftermath is always horrible. > This begs the question that I keep coming back to. If we are in [bursting] a bubble as we speak... do any of these rallys in the market matter?? Shouldn't we just figure out what type of position can be sustained short and just keep it long term? DAK