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if he raises rates on 3/21 now that nascrash has occurred, congress will have his
head.
do you know how many people are getting margined ?
the other day i went to a fund-raising event and all the talk was about every
bleeping hyperbolic stock,
and how they were buying ipos in the aftermkt because they would be higher 2
months later.etoys!!!!
look at some of these nasdaq stocks in a weekly format and ill scare you to
realize that they may
fall a lot more.
good luck trading.
tv
TradeWynne@xxxxxxx wrote:
> In a message dated 3/15/00 7:00:03 AM Pacific Standard Time,
> prosys@xxxxxxxxxxxxxxxx writes:
>
> > I am guessing that Greenspan was just re-nominated with some "conditions"
> he
> > must follow.
>
> Perhaps, or maybe the dems just didn't want to rock the boat: "if it ain't
> broke, don't fix it."
>
> > Greenspan's statements are what did the market-in. Also, the fact that he
> > was "new" to the markets. He said significant interest rate increases were
> > warranted...he placed the fear of God in the market.
>
> Actually it was Treasury Secretary James Baker who talked the market into a
> corner. Moreover, the plate was set by Paul Volker who bailed just weeks shy
> of the August peak, causing a sharp sell off for a day or so, and then the
> market soared again short term after hearing "good ol' boy" Greenspan was in.
>
> I'm not a Greenspan fan, but from what I remember (and it's a little cloudy
> in here) he was dealt a lousy hand when he quietly sat at the table. He did
> well to survive that storm, and was not its cause.
>
> Just curious: were you trading then? Your previous posts about breadth in
> 1987 are what got me into this thread.
>
> Bill Wynne
> SmartTrades.com
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