Leading up to the dot.com bubble crash,

a. Fund managers would rather “take a bath together” knowing that

“being early can be the same as being wrong”.

b. When the market faltered and Greenspan cut interest rates, it indicated that “the lifeguard was back on duty and it was safe to get back into the pool”.

c. Both the above statements may be said to be broadly acceptable!

d. Neither of statements a or b is an acceptable statement.