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Non-Tech : Greenspan, Rubin & Co - the Most Irresponsible Team Ever?? -- Ignore unavailable to you. Want to Upgrade?

To: Jags who wrote (97)1/21/1999 7:53:00 PM
From: Tom M  Respond to of 309
 
Jags, agree completely. New chapter title: "The New Paradigm" may fit well.

And I think it will delve into the fact that it was really an index bubble caused by lazy fund managers who found momentum easier to follow than fundamentals. I think it will talk about how the internet bubble was only a diversion created to take away attention from the 30 or so largest index stocks who were suddenly standing alone due to the necessity to divert all funds into them to keep the derivative abuse from hitting the fan. And it may even talk about a particular political ego who attempted the new paradigm.

Time will tell.
BWDIK,
Tom

PS Yiwu, thanks for the timely index lows update.



To: Jags who wrote (97)1/21/1999 8:06:00 PM
From: Giordano Bruno  Read Replies (2) | Respond to of 309
 
It's more than the fact that the market has gone up almost 50 percent while corporate profits have risen less than a tenth as much. It's that so much is riding on a rising stock market these days that it's scary.

cbs.marketwatch.com


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