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

To: SeachRE who wrote (79442)	6/15/2002 2:59:45 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 99280

Except that Abelson said the same about the Naz from 1985 and on, missing 15 years of a grand bull move. Zeev

To: SeachRE who wrote (79442)	6/15/2002 4:22:33 PM
From: paul_philp	Read Replies (2) \| Respond to of 99280

Having studied more than a dozen bubble/bust cycles I find that comparing the Naz bubble to the Nikkei bubble to be baseless. The Nikkei bubble was a straight asset bubble (a la dutch tulips). The Naz bubble was a technology-driven bubble (a la canals and railroads). The former leaves nothing of economic value behind whereas the latter is almost always economically transformative to some degree. The comparison to 1929 is not so easily dismissed and much of our economic fate rests with Mr. Greenspan. (Mr. Bush could help but his economic thinking is a mystery to me so I am not hopeful). Paul