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

To: sylvester80 who wrote (94267)7/14/2002 2:39:58 PM
From: Lone Ranger  Read Replies (1) | Respond to of 99280
 
syl80,
There is documented Fed minutes that Greenspan new we were in a bubble, I believe, as early as 1996. We've talked about it here before, but I don't have the link of his speech. He even talked about raising margin requirements but declined because of his fear of not knowing all the ramifications of such a move. He knew that would have popped it. This is fact. But like many of us, even though we identify a problem, we procrastinate, and don't act on the realization that it is important to correct it. I bet this is a huge regret on his part. He is the one with the responsibility to create orderly monetary policy and in this instance he blew it.



To: sylvester80 who wrote (94267)7/14/2002 3:07:55 PM
From: Jack T. Pearson  Read Replies (2) | Respond to of 99280
 
Everyone helped create the bubble: Analysts, corporations, brokerages, media, momentum investors, and the Fed. The Fed didn't do it on purpose, but when they pumped money into the system to solve other problems, a lot of that money ended up in the markets.

Edit: Calendar also helped create the bubble.


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