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Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?

To: cheryl williamson who wrote (42239)	3/21/2001 5:33:30 PM
From: chic_hearne	Read Replies (1) \| Respond to of 64865

geocities.com Click on the link to see the close up of 1929-1934. Notice how effective those rate cuts were. When was the last time 3 rate cuts were uneffective? Well, you'd have to go back to 1929. When reading over the filth on SI, I sometimes wonder what it was like during the crash of 1929-1931. Were people focused on little insignificant events like the rate cuts? Were they blaming Hoover like they're blaming Bush now? Were they bitching about the election and blaming the market on it like today? In the end, did people finally look in the mirror and realize they were suckers for buying into this new era crap? When did that blame game of finger pointing finally end? When will it end this time? Do the history books even paint an accurate picture? From what I've read over the last few years, I've concluded that the key point is understanding that it's a bubble and once it starts to implode every effort to stop it is just background noise. It's based on money, fear, and greed. But the key to remember is once it starts, it can't be stopped. I don't fit into the camp that believes the market crashed with the economy. I believe the market IS the economy, so when it crashes so does the economy. When the economy can't feed off the stock market, these petty rate cuts and all the other noise we hear doesn't even matter. When you hate tech stocks and stop yapping about Greenspan and rate cuts, we'll be near a bottom IMHO. [not to pick on "you", I mean it as investors in general]