>
> Also, only in a mania do we have stories such as this:
> http://dailynews.yahoo.com/h/nm/19991221/bs/financial_insider_1.html
>
> Talk about your blowoff tops...
>
Everyone knows diamonds are a girl's best friend. Diamonds
are the ultimate bubble. Similar to the 1929 and 1930 companies
who bought their stock back to prop up their price, DeBeers has
been artificially propping up the price of diamonds for decades.
One of the well-spread rumors after the '87 crash was that the
US federal government had put mechanisms in place that would never
allow another crash again. What those mechanisms are, only the
Fed knows, but the effects are obvious.
Greg
-- Greg Bolcer email: gbolcer@endtech.com web: http://www.endtech.com work: 714.505.4970 cell: 714.928.5476 fax: 603.994.0516