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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Earlie who wrote (26120)	3/21/2005 9:21:45 PM
From: CalculatedRisk	Read Replies (1) \| Respond to of 116555

I agree with you. Market psychology slowly changes ... and then some trigger gets the blame. For the NAZ, it was obvious for some time that we were in a bubble. As time passed, more and more people were saying we were in a bubble. It got to the point were speculators were joking about the bubble - as they bought more tech. Now we know that even the Federal Reserve (now that their minutes have been released) were comparing the NAZ to the South Sea Bubble at their Dec '99 meeting! We are starting to get to that point with housing ...

To: Earlie who wrote (26120)	3/22/2005 12:50:49 AM
From: mishedlo	Read Replies (1) \| Respond to of 116555

Bubble Talk at the FED Flashback December 21, 1999 Meeting of the Federal Open Market Committee (FOMC) Following are some rather enlightening excerpts from that FOMC meeting. Note: FED meeting minutes are sealed for 5 years. The December 1999 meeting minutes were only recently made publicly available. globaleconomicanalysis.blogspot.com