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To: Bruce Brown who wrote (46148)9/3/2001 6:52:14 PM
From: Stock Farmer  Read Replies (2) | Respond to of 54805
 
Bruce - I never meant to say Moore's book caused the bubble. Just that it had a significant effect on the market. It did indeed capture a set of thinking that was present in the marketplace, articulated it carefully and re-affirmed its value. Which thinking was part and parcel of bubble psychology. Neither cause, nor effect. More like a historian's chronicles of a war in progress influence its outcome. Butterfly wings flapping and all that.

As to whether or not his book had a significant effect on the market? Hmmm... I think it would be ironic for this thread to consider the effect of his book "insignificant", wouldn't you?

John.



To: Bruce Brown who wrote (46148)9/3/2001 8:35:42 PM
From: Dinesh  Read Replies (1) | Respond to of 54805
 
Hi Bruce

Not all of those drops happened at the same time. First
difference from the 'tech' bubble.

Two, the magnitude was much larger for tech stocks.

IMHO not the same 'bubble'. It may have *seemed* like a
bubble to GM holders, souls used to much more modest
returns than what they got in those heady days.

regards
Dinesh