Greenspan says Iraq war largely due to oil...

<div class='quotetop'>QUOTE(Darwood @ Sep 21 2007, 08:35 AM) [snapback]515725[/snapback]</div>

That might account for a small correction in the Tech stock sector,but interest rates are what crashed the entire market.

 

<div class='quotetop'>QUOTE(mojo @ Sep 21 2007, 01:36 PM) [snapback]515908[/snapback]</div>

The strength of the market was the shareholder confidence. When that was diminished a positive feedback loop ensued. Stocks with PE ratios of 3500 suffered badly as people realized that business hadn't changed at all. Interest rates were coming down as I recall but they weren't as low as we see now.

 

<div class='quotetop'>QUOTE(tripp @ Sep 21 2007, 02:48 PM) [snapback]515910[/snapback]</div>

Greenspan took the FedFunds rate from 4.75% in June 1999 to 6.50% in June 2000.
In october 2000 the market crashed.
Bush stole the election in November 2000.
[attachmentid=11584][attachmentid=11585][attachmentid=11586]

 

<div class='quotetop'>QUOTE(Darwood @ Sep 21 2007, 06:35 AM) [snapback]515725[/snapback]</div>

Hey, don't screw up a perfectly good conspiracy theory with actual facts! What's the matter with you, you take a logic pill this morning or something?

 

<div class='quotetop'>QUOTE(fshagan @ Sep 21 2007, 11:51 PM) [snapback]516077[/snapback]</div>

I worked for an ERP company, and they waited till Y2K came and went uneventfully. Then they let people go (myself included). They were real busy up to that, though. Fixing bugs in their own software and charging 100$ an hour to do it.

 

Anyone working at Innatech?

 

Or Penetrode?