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My take on this relatively new expression "bias towards tightening"
Greenspan is worried about Y2K and the market. He IMHO is worried the
market was headed up to fast towards year end. Market might start
correcting into shared worried space with all the hype with Y2K.
A normal severe market correction could be tip into something more with
Y2K. So your probably going to see a lessor chance of a crash with ole Al's
action today.
Bloody Bob has it right!!!!!!!!
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