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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (36892)	5/31/2000 11:26:00 PM
From: pater tenebrarum	Respond to of 42523

i'm sure that this belief is widespread...the bubble is regarded as 'too big to fail' and Greenjeans has bailed it out repeatedly, so it is no wonder people think that way. this is also the reason why rate hikes can't bring the market down...the Fed has perfected moral hazard to the point of having made investors completely indifferent toward fundamentals. as Fleck has mentioned, they want everything to be bullish, growth, slowdown, lower rates, higher rates, nothing matters. why sell when you know you'll just have to buy back in again as soon as the next Fed bail-out has been effected?