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It was a fake economy. I've been waiting for a major econ writer to talk about that. Stock was artificially inflated and people were lulled into believing that everything was fine. Clinton had to make them believe that long enough to survive impeachment.

Yea Doug.... Wall Street, Bubba, and Sore sold Americans bill of fake goods ....especially when it comes to the Tech the Sector..

How can Yahoo at $150 a share with a no earnings rated a buy?
and of course there were many more fake evalutions........
Remeber what GOre said, we don't need to gig for oil because everything will be done the net and many people will not have to commute.

Yea Doug... Wall Street, Bubba, and Sore sold Americans bill of fake goods,especially when it comes to the Tech the Sector..

How can Yahoo at $150 a share with no earnings get rated as buy by Merril and Gold man Sachs ?
( That's why I sold all my tech stuff way back in Jan of 2000,,,,, because unlike these lairs , I knew PE ratios matter.

Of course, there were many more fake evalutions and many more companies which were never worth the prices at which they traded at.
Remeber what GOre said, we don't need to dig for oil, because everything will be done the net and many people will not have to commute. ( He said this when W said he wants to dig for oil in ANWR )