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Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?

To: Bearcatbob who wrote (10354)	2/25/2012 7:19:27 AM
From: Logain Ablar	1 Recommendation Read Replies (2) \| Respond to of 85487

Bob: You caught on with the C in the name pretty fast. They (the LL) all forget the bubble bursting in 2000 and the economic circumstances at the time. The markets broke in March of 2000 and somewhat recovered into September and then started to vomit. I clearly remember President elect Bush meeting AG on around Jan 5, 2001 which marked a short term bottom and then the market resumed its free fall around 3 weeks later. My portfolio has the scars seared in my memory. The percieved surplus was well over by the time President Bush took office. I believe it was after the bubble burst that the IRS realized so much of the increase in tax revenue was option income in w-2's, which disappeared. I think it must be selective memory. I know the older I become the fuzzier mine is but I remember that period quite well. Hopefully I learned a couple of lessons from it. Tim