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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (11984)	11/7/2002 9:29:36 PM
From: Jorj X Mckie	Read Replies (3) \| Respond to of 57110

I don't think that the dollar was the reason that the market crashed. I don't know anybody who does think that the dollar had anything to do with precipitating the crash. I do think that there were a combination of things that caused it, but that you can trace much of it to the Fed's easy money policy which inflated the bubble. And then in early 2000, the fed changed to a tighter money policy and in effect, pricked the bubble. What precipitated the crash isn't really important in my mind, other than for academic purposes. What is more important is what occurred to put us in the situation where a crash was inevitable.