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To: frank meysamy who wrote (1647)3/15/1999 2:12:00 PM
From: Smart Investor  Read Replies (1) | Respond to of 3187
 
In my opinion. This is all Alan Greenspan's fault when he had a chance to inject some sense into the interNUTS sector, but chose not to do so about a month an ago. The 3rd rate cut last year was also overdone, thereby creating the current bubble market. I think history will look back at this period as bubble (the so called Greenspan Bubble), particularly the interNUTS. Now many good companies were left for dead, while all money is chasing the interNUTS.

Warren Buffet made a rare comment a couple of weeks regarding the current market and rampant speculation in the interNUTS sector.