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To: Dalin who wrote (79345)11/12/1998 7:10:00 PM
From: SouthFloridaGuy  Respond to of 176387
 
I hope you do put it in the market. But the problem that Greenspan has created is that by saving sh#tty hedge funds who need to be punished for their mistakes (to some extent), he has only aided them. He has decreased the penalty of speculation.

Look what happened immediately...money was poured into the most speculative issues once liquidity was enhanced. Why? Because Greenspan has written a blank check.

I love the markets, but not like this. This is dangerous, very dangerous.

The end result could hurt good companies like DELL as well as the trash out there.

Japan 1986 is NOT an unfair analogy. Remember Japan Inc.? How are we different? I'm trying to figure it out still.




To: Dalin who wrote (79345)11/12/1998 7:20:00 PM
From: Timothy Liu  Read Replies (1) | Respond to of 176387
 
> And where will everyone put their cash then?

In a crash, nobody have the cash. Think about it. If there is 100 shares AMZN at 150 today and tomorrow it is at 15 with the same shareholder. Money went nowhere, there is just less wealth in the world.

Tim