Futures likes Pitt leaving!
- Thread starter aphexcoil
- Start date
Pitt is the reason the bubble burst?
Brilliant commentary.....is that what they are teaching in Econ 101 these days?
I'm a little confused. What was the vote they had last week between Webster and Biggs? Is Pitt's resignation just a formality, why did they have an election a week ago?
Hmm...interesting..I guess Pitt was watching over the hole fiasco when it first began back in the mid 90s with Enron, WCOM etc.
But how come he only started in 2001.
Yup, PITT is why the market bit the dust. :eek:
I agree that it's a bit stupid to blame one person, whether Pitt or Greenspan for the stock market bubble. The inflated stock market of the 1990's was created by all of us, everyone playing the market.
Blaming one person for it is like pigging out on candy and cake at a party, and then when you get sick from eating too much candy blaming the parent who hosted the party for having allowed you to eat the candy. Even in spite of the fact that the parent you are blaming now had tried to warn you all you would get sick if you didn't stop, but you didn't want to stop, and now have the nerve to fault him for not warning you strongly enough.
We're all grownups here, we should start acting like it and take responsibility for our own actions.
What I am willing to blame Pitt for, at least partly, is the dumb daytrading rules which are in my opinion dumb and unfair and non-helpful, as well as dumb. Also they are dumb.
Blaming one person for it is like pigging out on candy and cake at a party, and then when you get sick from eating too much candy blaming the parent who hosted the party for having allowed you to eat the candy. Even in spite of the fact that the parent you are blaming now had tried to warn you all you would get sick if you didn't stop, but you didn't want to stop, and now have the nerve to fault him for not warning you strongly enough.
We're all grownups here, we should start acting like it and take responsibility for our own actions.
What I am willing to blame Pitt for, at least partly, is the dumb daytrading rules which are in my opinion dumb and unfair and non-helpful, as well as dumb. Also they are dumb.
