"Shortwave Sportfishing" wrote in message
...
On Thu, 01 Sep 2005 13:34:27 -0400, DSK wrote:

Shortwave Sportfishing wrote:
No I don't. What created the false valuations? EBITDA which the
Clinton Administrations SEC allowed as a value generation methodology.
Essentially, you could value nothing as something.

And, if the market in general... those buying stocks... had greeted
these valuations with a big yawn, they'd have gone nowhere.

Unless you believe that some kind of secret gov't laser satellite ray
controls people's stock buying behavior, there is simply no way that
artificially high stock prices are the gov'ts fault. If anything,
Greenspan & Co tried to point out aberrations and unrealistic
expectations often... only to have eggs & rotten fruit thrown at him by
the market movers & shakers.

That's what created the false valuations to begin with which created
the heated market which created the bubble.

Another reason was the limit on compensation deduction imposed by
Clinton.......it made stock options that much more valuable......and gave an
incentive to drive up stock value at the detriment of long term fiscal
responsibility.


I don't have it backwards - you do.

Perhaps so, but you're the one looking in an upside down mirror.

Funny, you don't seem to see the contradiction between believing in the
power of a free market, and insisting that a small gov't committee can
control the stock market.

You believe what you want to believe - I'll believe the experts from
both sides who agree that's exactly what happened.

There is not a totally free market as long as guvmint regulations and tax
policy are involved.