MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 680.44

+0.6%

Dec 19 4:00 PM EST

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To: Les H who wrote (20756)	7/22/1999 12:16:00 PM
From: John Madarasz	Read Replies (1) of 99985

From Reuters... Greenspan repeated that developments in the stock market had been a key factor in the outlook for economic growth and spending, even though the central bank did not target equity prices directly in its monetary policy. In a typically cryptic warning over the high level of U.S. equity prices, he said there was the risk of a ''euphoric'' run-up in stock prices that could propel the market to unsupportable levels. Does this mean that AG sees these levels as supportable?????? Maybe he is waiting for the blow off top so he can short the hell out of the market and make a killing. Hmmmm

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