Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: goldworldnet who wrote (188491)	10/2/2001 11:33:10 PM
From: David Howe	Respond to of 769670

Good graph showing how the PE of the Nasdaq got completely out of control. A bubble formed during the last years of the Clinton administration. I'm not going to get into why the bubble existed, or what should have been done to avoid it. But, I will say this. When a bubble bursts, as it did in the last year of Clinton's presidency, there is only one result. A complete and total collapse of the bubble equities and the resulting drag on the economy. There is NOTHING that can be done to stop it. A 70 - 90% correction is unavoidable. The Nasdaq has fallen 70%, so maybe we are close. If that's as far as it falls, we can all thank our lucky stars. Bush had nothing to do with the bubble and he has nothing to do with the collapse. If actions by this administration and the fed can keep the fall from going much further, it will be a heroic accomplishment. No blame can be placed on them, just as no blame can be placed on the firemen that reported to the World Trade Center. They didn't start the fire and they never could have stopped the collapse. They were heroic for saving as many people as they did. IMO, Dave