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

To: limtex who wrote (36158)	3/2/2002 3:30:57 PM
From: LiPolymer	Respond to of 99280

Just one tidbit to add. The Fed had to raise rates, and raise them much sooner then they did, but AG was not specifically targeting the Naz. The Naz bubble was just the byproduct of the speculative excess that AG and company needed to cool down. For example, the dot-bomb and CLEC problems (all are now stressed and many BK) are the result of too much speculative money chasing too small an end market. AG needed to be raising in fall of 1999, but nobody would let him because of Y2K paranoia. And I say "paranoia" in hindsight because we really didn't know what might happen, although I never did go out and buy a bunch of guns and store up a year's rations. Bought a few Pine Mountain logs, filled up the tubs with drinking water and made sure there was an extra case of Van Kamp's in the pantry.<g> Regards.