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Politics : Ask Michael Burke

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To: Ilaine who wrote (62680)	6/17/1999 9:54:00 PM
From: PaperChase	Read Replies (2) of 132070

Enjoy the spin. Here is today's spin about our surpreme bull Greenspan. From CBS Marketwatch: "Greenspan's promise to raise rates as necessary to maintain price stability was reassuring to markets that had taken recent warnings from the Fed as a sign the Fed had fallen behind in fighting inflation." Don't you see that raising rates is a good thing. The "old" bearish me use to believe that my academic and historical thoughts/research were a correct view. (This is how Mr. Bill and Mr. Magner think.) The "new" bullish me now believes that what I think is irrelevant. What is relevant is how events are spin doctored, and what the masses believe. This is why MU goes up while the old timers believe it should be $6. This is why raising rates is good for stocks as indicated by the spin doctoring statement above. I wonder who the gamblers really are? Are they: 1. The bears who are so sure of their in-depth analysis but are proven consistently wrong about a big kahuna, 2. The bulls who are spin masters making money in one of the greatest expansion of all time.

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