I remember that BS very well. I was on our church finance board and in charge of investments. I couldn't believe the battles I had with some conservatives who wanted to buy into Rubin's BS. Some of them lost up to 40% of the value of their IRA's, 401ks and other investments after the 2000 bubble break. The church made about 7% that year.
Back in 1999 and early 2000 when Time and Newsweek were running cover stories on how wonderful the stock market was and that you should just buy any stock with a dot.com after it and wait to get rich. They NEVER reported that many of these companies had ZERO revenue, ZERO profits and no business model that indicated that they would ever be profitable, yet everyone was encouraged to buy them.
What is amazing to me is how many of those stupid investors and so called workers of the Dot.com industry still blame GW for their bubble that burst in 2000 before GW was elected.
Can you imagine what the stock market would be doing if the media actually reported the truth and didn't try to "talk it down" at every opportunity. We are in better economic shape now than we EVER were during the Klintoon years, but if you listed to the media it's a depression.