Summer, 1995. Growth Stock. Note the little
bubble tummies on the baby bulls. By next year, Alan Greenspan issues
warning about "irrational exuberance". (Wink, wink).
Fall, 1999. Established Growth Stock. In the past few years, Alan Greenspan has issued more cautions...
"excessive risk taking" (Wink),
"significant moral hazard" (Wink, wink),
"equities are highly valued" (Wink, wink, wink),
"If the market falls...I will grant there was
a bubble" (Big if, lots and lots
of winks, uncontrolled snickering).
This Bull's bubble tummy has gotten too big! Doesn't Alan Greenspan see this yet?!
Bulls always enjoy frequent infusions of liquidity
no matter how big they get.
Bulls do not like interruptions during liquidity infusions.
Better give this Bull what he wants!
These bulls are contemplating their strategy around
a Sports Utility Vehicle. Bulls really like SUV’s, especially gas guzzling
ones. An SUV is an essential investment tool for bulls since in-depth research
is done by looking into rear-view mirrors. At this meeting, the bulls
have once again decided to put everything they have and everything they
don’t have into those Dot Con stocks.
A rare moment captured on film – a bull pauses at resistance.
One of the few cases that a bull actually enjoys getting
a bear hug.
Bulls view anyone who is not a bull as strange.
This bull has tired himself out after charging along
all day. Sometimes it can be a very long time before the bull gets
up again!
Miki is a retired technology analyst, a bear who loves bulls, and an
avid reader of the SuperBear page. The photos of the bulls were taken
at his farm in southwest Washington.