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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Paul Shread who wrote (33937)	11/18/1998 12:48:00 PM
From: epicure	Read Replies (3) \| Respond to of 94695

The Fed did do similar things in 29- I believe there were several rate cuts which actually exacerbated the situation (but I don't have time to verify this- I know there are some of you out there who know this period well- were there not cuts?). A speculative bubble is a speculative bubble and if you don't think we are in one now I suggest you read up on the other historical bubbles. Sure it could go up for a bit more, but when the stock market is bigger than gnp and stocks like AMZN have bigger market caps than real companies that actually have real earnings- then Houston we have a problem.