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Politics : Don't Blame Me, I Voted For Kerry -- Ignore unavailable to you. Want to Upgrade?

To: Richnorth who wrote (41286)	8/7/2004 4:52:30 PM
From: cirrus	Respond to of 81568

I remember it well. The good old days! And I remember Alan Greenspan warning about "irrational exuberance". I remember all these companies laying all this fiber in the ground - then Cienna introduced a wave division multiplexer that effectively increased the capacity of each strand by a factor of 150 - creating an instant glut. I remember internet companies going public, raising billions before they had a business plan. The bubble wasn't manipulation. It was greed, pure and simple. Everyone knew the bubble was going to pop - and everyone fully expected to be smart enough to exit before the pop. Remember the hi-tech bubble which drew droves of investors and speculators away from the blue chips and caused so many to dip into their IRAs or mortage their homes/farms for cash? And how their dreams evaporated virtually overnight?