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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end? -- Ignore unavailable to you. Want to Upgrade?

To: Crueldog who wrote (513)	1/6/1999 10:12:00 PM
From: KeepItSimple	Respond to of 3543

3. Greenspan will raise interest rates in an emergency meeting on Jan 22. Having referred to "irrational exhuberance" with the Dow at 6500, he will finally pull his head out of his ass and do the right thing to stop the bubble from destroying the US economy. A drastic interest rate raise is the _only_ thing that can stop this mania. Nothing else will do it- the analysts (pimps) are never going to say sell, and even 80 year old widows are putting their social security checks into Yahoo and Ebay. If Greenspan doesnt do anything, the bubble could continue until the fall and cause the greatest economic disaster this country has ever known. Greenspan knows this, but up until he had hoped the market would "calm down". Obviously, it hasnt, and is only getting worse.