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In the meantime, I heard a rumor that Greenspan is starting a "door-to-door"
campaign and visiting the banks to get them to lend money instead of
trading.
Got a hi-tech biz and need money ? HUGE LAUGHS FROM ANY BANKER
Unless you've got a defense contract or home-building contract, forget it.
> -----Original Message-----
> From: hbernst963@xxxxxxx [mailto:hbernst963@xxxxxxx]
> Sent: Tuesday, May 07, 2002 12:53 PM
> To: realtraders@xxxxxxxxxxxxxxx
> Subject: Re: [RT] Crash scenario
>
>
> While the FED has kept rates low, by being so low they are
> running out of ammo to push this market up, as they can't do many
> more cuts. Since they have also slowed the growth of M3 money
> supply to the point that the 3 month rate has turned negative,
> they are sucking liquidity out of the stock market and the
> economy. Does not bode well for the future. My guess is more
> downside action until the four year bottom due sometime later this year.
>
> Howard Bernstein
>
>
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