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

To: KeepItSimple who wrote (1386)	4/27/1999 1:25:00 PM
From: charger	Read Replies (1) \| Respond to of 3543

Answer: Greenspan must prevent the bubble from bursting. He realizes that a stock market collapse now will ravage the global economy. He let the bubble form, and it must be preserved at all costs. The next election rides on it, as well as his job and reputation. Funny how 4000 points ago it was irrational exuberance and now nothing. The stock market bubble is public policy, like it or not. What does that tell you? Markets will have their way no matter how governments manipulate them. Too big to fail? We shall see... Psychology never changes, and parabolic moves all share the same fate. Anyone who's ever traded commodities will tell you that. After the crash everyone will point to the rampant speculation and absurd valuations and say "All the signs were there, how could you not see it coming...I got out blah, blah, blah..." Yeah, right. See ya!

To: KeepItSimple who wrote (1386)	4/27/1999 2:31:00 PM
From: ScrapCollector	Read Replies (2) \| Respond to of 3543

>>Two kleiner perkins partners are on Al Gore's financial advisory board. Al Gore's buddies have all their power based in the stock market of internet ipo's. If the market continues, they'll practically own the country. If the market corrects, they wont. Greenspan is defenitely having pressure applied to him. Hell, is anybody out there sure he can't be bribed? There is a LOT of money involved here. << Technology is going to be the centerpiece of Gore 2000 platform. Even though he did not invent the Internet (LOL), he popularized the term Information Superhighway to get the current frenzy started. Fortunately, nobody uses that term anymore. Here's my hypothesis: Gore cares more about the Internet infrastructure than the stock market itself. The inflated Internet stock price is helping to build the Internet for the masses which Gore will surely take credit for. Have you noticed that unlike railroads, highways, power lines, and telephones, the Internet is growing without significant government funding? In otherwords, it has been publicly funded without taxes. How about that? (Yes, it's true that the Internet or ARPANET as it was called began as a Pentagon funded project. Government is not funding the broadband connections that are being built today, however.) You bet your socks that there's a LOT of money involved here. Greenspan has no choice but to leave this frenzy alone. He's counting on not getting blamed because he was hands off. When the tulips stop blossoming, the naysayer analysts will jump on the masses (i.e. you and me) for the blame. When will this madness stop? My prediction is end of June, but the current market has a lot of people fooled...