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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: Michelino who wrote (1937)	6/6/2003 5:23:11 PM
From: Nadine Carroll	Read Replies (2) \| Respond to of 793914

It's hard to follow how an eight year period of gains is only is a "bubble". The Nasdaq is still up %130 from when Bill took office , including the bubble and its aftermath. gains and losses don't mark a bubble, size & velocity do. Go look at a Nasadaq chart for 1995 - present, and note the rise from 1000+ to 5000 and back to 1000+. The Nasdaq moved up and down so fast in 1999 and 2000 that it even disobeyed the old rule "stocks go down faster than they go up" during its drop from rise and drop from 2500 to 5000 to 2500. Now that's what a bubble looks like.

To: Michelino who wrote (1937)	6/7/2003 1:52:21 AM
From: D. Long	Read Replies (1) \| Respond to of 793914

It's hard to follow how an eight year period of gains is only is a "bubble". The Nasdaq is still up %130 from when Bill took office , including the bubble and its aftermath. Nadine has answered on that point. Unfortunately, if George's dismal career at Arbosto, Spectrum 7 Corporation, and Harken Oil is an indicator, the chances seem remote that we shall see term to term positive gains in any indicator of note. What business experience did Bill Clinton, who never held a private sector job, bring to the table to create such glorious achievements? Presidents have policy experts and economists to think about such things. Bush's personal success or failure as a businessman has very questionable relevance to the economy. Derek