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To: Robert Rose who wrote (121889)	3/27/2001 12:55:32 PM
From: Skeeter Bug	Read Replies (2) \| Respond to of 164684

>>skeeter. i know it's popular to trash ag now<< robert, i trashed ag at naz 2000 on the way UP. the popular crowd is mad at ag for the wrong reasons. they think he took their money away. in fact, his greatest sin was giving them the money in the first place. staying the course? is that code language for permanently inflating a bubble market where asset prices are disconnected from reasonable valuation levels? i argue that history shows us this is pure folly and totally impossible over the long run. in addition, the bigger and longer the bubble, the bigger the bust. i'm arguing to minimize the bust - believe it or not. i used to argue to avoid the bust, but now that is too late. again, i hope i'm wrong and everyone gets a few $100k "bonus" due to alan greenspan's efforts. i just don't see that happening. oh, and by the way, would a few $100k be enough? probably not. -ng-