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Technology Stocks : Dell Technologies Inc.

DELL 133.20

+5.7%

Nov 26 3:59 PM EST

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To: Frank Ellis Morris who wrote (137696)	7/26/1999 6:50:00 PM
From: TTOSBT	Read Replies (1) of 176387

Re: "Some people state that Greenspan is not saying anything new and I find it very difficult understanding why some insist on defending him. This guy is indeed not a friend but is very much hostile to the markets and at this point we may all be much better off if he would leave." Frank although I am not sure that your resolution to Greenspan (ie getting rid of him) would be positive for the markets. I do agree with your estimation of what and how he is effecting the market's lately. I have noticed ever since the resignation of Rubin that he seems to be more confident in acting like a hawk. When Rubin was around to offset his hawkishness he walked a fine line very well and got Clinton to re-appoint him by being a very market oriented FedHead. Now he seems to have a (fathead) different agenda? I suspect that is why Alice Revlin left? Don't think her ideals would of gotten any respect without Rubin around? Here is a quote of what she said from the following report: savewealth.com "A shift in the Fed's Board of Governors is not helping matters. On June 1, the Board of Governors' second-in-command, Dr. Alice Revlin, announced her resignation effective July. In her resignation letter to President Clinton, she also indicated that she would not sit in on the June 29-30 meeting. While analysts have noted Dr. Revlin rarely strayed from Greenspan's policies, her resignation has muddied the direction the Feds may take." It seems to me she wasn't giving Greenspan a hard time but he seemingly was about to give her one? And since she was an advocate of the new economy ideas I think we are turning back to the old school and to a manipulated slowdown? We are definitely in trouble here with the current state of Mr. Greenspan who seems to abhor the wealth effect the market can bestow on the masses. He may want to keep the money in the hands of the chosen few and away from the many. Like you I smell a rat! TTOSBT

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