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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: paul_philp who wrote (21567)	1/13/2002 11:05:36 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 99280

Yes, one could question AG's pulling the punch bowl off the table in 2000, but if 1995 (6?) was "irrational exuberance" what was 2000? I think that the harshness of the decline was really due to the double whamo of fed tightening and massive budget surpluses, two punch bowls taken off the table simultaneously. Zeev

To: paul_philp who wrote (21567)	1/13/2002 11:48:02 PM
From: mishedlo	Respond to of 99280

I work in the industry as a computer programmer for 20+ years. All of us thought the concern was totally laughable. Yes, there was a lot of work and programs to fix, but there was not a single one of us that thought there would be major problems. It was just something that had to be done, and it sure did NOT require massive inhjections of liquidity, and besides people had years to develop plans an get it done. Those that put it off had the benefit of a ton of knowledge from those that started first. In short the Y2K scare was a TOTAL bunch of hooey. M