|
PureBytes Links
Trading Reference Links
|
I do not think he is targeting the stock market at all, at least he is
not trying to crush it. What he is trying to do, is forestall possible
imbalances caused by a market whose valuation makes tulips in Holland
look cheap a few hundred years back.
Check out my commentary section on my web site. Got a piece there for
free on what I think he was getting at. (Not selling a newsletter here
folks. As of now, still only sell to institutions. Just too lazy to
attach files.)
Steve
---
Steven W. Poser, President
Poser Global Market Strategies Inc.
url: http://www.poserglobal.com
email: swp@xxxxxxxxxxxxxxx
----- Original Message -----
From: R.E.Turner <r_e_turner@xxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxx>
Sent: Tuesday, August 31, 1999 9:40 PM
Subject: Greenspan Obituary
> RT'ers
> And just my opinion but has the Fed Chairman foretold his own
eventual
> "demise", by targeting the stock market and its meteoric rise.
Perhaps
> this is his last great hurrah, before bowing out at or near year's
end. The
> market want's to go to 36,000 on the Dow as one guy on CNBC's Squawk
Box
> suggested. I want it to head in that direction too But why he
couched his
> main objective, the explosive growth of the stock market, under the
> inflation banner as the priority of the Fed, until now.is curious.
>
> Russ
>
|