We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Applied Materials
AMAT 237.03-0.2%Jun 14 4:00 PM EDT

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jacob Snyder who wrote (60898)2/22/2002 4:12:44 PM
From: Katherine Derbyshire   of 70976
>>I suppose you could argue that we'll see the Bubble deflated in steps, like a balloon with a tiny intermittent pinhole in it. But there is no historical precedent for that. <<

I suspect that's exactly what Greenspan is trying to do. Perhaps he's betting that letting the bubble deflate slowly will give productivity gains and so forth time to bring intrinsic value up. Thus stabilizing valuations at some reasonable level.

It's too soon to say if he'll be able to pull it off.

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext