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To: Kelvin Taylor who wrote (30101)3/19/2001 2:19:04 AM
From: Larry S.  Read Replies (1) | Respond to of 53068
 
KT, read this: pimco.com
Bill Gross is a man whose opinion should be respected, imo.
quoting out of context:
" So lay off the rotten tomatoes will you. I’ll tell you who did us in. I’ll tell you who caused this recession, and who’s
going to be responsible for a tepid, sluggish recovery for the next several years. Pick up a mirror. You’re looking at
him.If you consider yourself a capitalist, then you’re looking at him. Animal spirits and yes, irrational exuberance
did us in, not Alan Greenspan. Aside from the most obvious banner of viewing the markets as an eternal
cornucopia of double-digit returns, our biggest mistake was to stop acting like squirrels and to pretend we were
lions. Instead of saving nuts for winter or retirement, we became convinced we were the king of all beasts and could pick off a stray zebra just about anytime we wanted."
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To: Kelvin Taylor who wrote (30101)3/19/2001 9:08:40 AM
From: Ron McKinnon  Read Replies (2) | Respond to of 53068
 
putting all the blame on AG is just too simplistic

he did not cause the good times of the past 6-8 years
nor did he cause 100% of this dump

Clinton did not cause the good times of the past 6-8 years
nor did he cause 100% of this dump

Bush has not had enough time to have any real impact either way
but his "talking down the economy to help his tax cut" has been less than a positive

stock markets and women: complicated stuff!!