|
PureBytes Links
Trading Reference Links
|
Here's an excerpt from Wednesday's Money daily email. AG now proclaims
that this "economy" is a new thing! Apparently what was irrational at
6500 DJI (and what 2200 Nasdaq?) has now achieved rationality at 10,500
& 4500 <g>. But maybe this is all a ploy, sort of like talking to
teenagers? Say the opposite of what you want them to do? Every time he
has criticized this "non-bubble" market it has gone up, so maybe he is
thinking that if he says nice things - it will go down? Just a thought
<g>...
>>HUMPHREY HAWKINS PART II Fed chairman Alan Greenspan spoke before
Congress again. And it was good: The Fed's monetary policy, he said, is
not targeting the stock market (translation: The Fed isn't trying to
sink stocks). More important, Greenspan reiterated his opposition to
raising margin debt requirements--reining in the amount investors can
borrow is the one thing that could prick the bubble, say some analysts.
Though, for that matter, Greenspan says he doesn't know that this is a
bubble.
So what does Greenspan know? "The best I can say to you," the chairman
said, "is that it is certainly true that we have a new economy...it
requires a different type of monetary policy to maintain its stability
and growth than we had in the past." But WHAT type of monetary policy
does it require?<<
JW
"Is it better to be a fake somebody or a real nobody?"
-----Original Message-----
From: listmanager@xxxxxxxxxxxxxxx [mailto:listmanager@xxxxxxxxxxxxxxx]On
Behalf Of Earl Adamy
Sent: Wednesday, February 23, 2000 5:27 PM
To: realtraders@xxxxxxxxxxxxxxx
Subject: [RT] Re: GEN: Greeny
AG is like a matador who is afraid to duel with the bull (NASDAQ?) and
afraid to run from it. Eventually he will probably turn to bull worship
..
Earl
----- Original Message -----
From: "Michael Ferguson" <wl7bdn@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, February 23, 2000 9:28 AM
Subject: [RT] GEN: Greeny
> Are you hearing the same circular logic I am hearing?
>
>
>
> Regards,
>
> Michael
>
>
>
>
|