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Strategies & Market Trends : Heinz Blasnik- Views You Can Use -- Ignore unavailable to you. Want to Upgrade?

To: gpowell who wrote (1256)	5/14/2003 12:52:34 PM
From: GraceZ	Read Replies (1) \| Respond to of 4907

Yes, it got silly in the extreme. I put a lot of the guilt on the Fed and their pumping for the big non-event, Y2K. They threw in all that cash and it just got sucked into a big speculative frenzy. The analysts were playing catch up trying to match the projections and price targets with what price was already doing. If they can be blamed for anything it is that they refused to lead but followed the wild crazy speculating public down the primrose path by giving them a justification for the ridiculous prices. Some formerly staid and disciplined individuals got sucked into the frenzy.