Airbus Arbitration Scheduled

[mweiss]

PITbull, I have to ask...so what? Your original comment, to which I was responding, was

Greenspans big mouth of "market exhuborants"...his one statment killed the sentiments on wall street.

It did nothing of the sort. It had a small, localized impact that mostly affected day-traders. Day-traders are not "Wall Street" by any stretch of the imagination. Day trading was all about making money on tiny arbitrage opportunities that found their way in the market for a while during the 90s. As with any discovered arbitrage opportunities, they quickly disappear as they become publicized.

 

[700UW]

May I ask what does your fighting about the economy and stock market have to do with the airbus arbitration?

 

[mweiss]

It's called topic drift.

 

[PITbull]

Oh Geezus, how old are you? "Had a locallized impact"?

Where have you been? In the year 2000, the tumbling down hit the 401 K plans big, sir. And many of the funds have not come back to where they were in 2000. Magellan being the biggest fund still has not returned to where it was.

Don't sit their and try to challenge me for the sake of the challenge. I am seeing no brilliance in your historical perspective.

 

[mweiss]

PITbull, you were suggesting a connection between Greenspan's "irrational exhuberance" comment and the stock market tumbling. I pointed out that he made his comment nearly three and a half years before the stock market tumbled. To levels higher than they were before he made the comment.

And you're saying I'm the one who's out of touch with history?!?!?

 

[PITbull]

mweiss,

He made this statment more than once in his speeches.

That is where you fall short. And it was referenced many time in the year 2000. These words impacted th emarkets...you can choose to believe it or not. You implied you were a long time investor. For you, it didn't matter.

It mattered BIG to me. DAILY, infact.

 

[mweiss]

OK, so let me see if I have this straight...he had to say it several times because day traders were so thick-skulled that they didn't hear him right the first few times he said it. So finally, after warning them for three and a half years, they finally got the message and promptly sent the stock market tumbling.

Is that your allegation?

 

[PITbull]

mweiss,

Not a simple as you put it...but in a broader sense....


YOUR DAMN STRAIGHT!

At some point in the market, it became major gambling and day traders were not looking at earnings or PE ratios. Folks were driven by the many analysts manipulation of the markets and the internet companies bubble when very very few made any profits. Same with the IPOs.

Hell, Microsoft split 3 times between 1997 and 2000 along with Intel. Cisco split 7 times from 1995 to 2000. SUNW split 4 times between 1998 - 2000. Stocks were splitting a couple of times a year. Yahoo I think split 4 or 5 times and was selling at over $400 at one point per share. Qualcom split 2 times from 1999-2000 and before it split in Jan of 2000 4/1 it was selling for over $700 per share. AOL was a phenominon. The Bio-techs were splitting at a fast rate as well e.g. Amgen, and the pharmacudical markets like Phizer and Eli-Lilly.

Please don't tell me about how smart the long term investor was, he/she was a rare breed in the market place from 1996-2000.

 

[scot]

It's called topic drift.

OK then, lets drift back on topic to the Airbus arbitration. Please feel free to continue the political debate on the Just Conversation thread or PM.
Scot