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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 662.63

+0.4%

Nov 19 4:00 PM EST

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To: NickSE who wrote (22295)	8/6/1999 8:46:00 AM
From: John Pitera	Read Replies (1) of 99985

Nick, I saw that when he said it a couple of months ago and I saw the German guy on cnbc mention it in the bull bear debate on cnbc a week or 2 ago... unbelievable that the head of the Fed makes this comment. and even more unbelievable that so many are unaware of the danger. It sounds like something out of a Hollywood B movie. he fate of the world economy is now totally dependent on the growth of the U.S. economy, which is dependent on the stock market, whose growth is dependent on about 50 stocks, half of which have never reported any earnings..." Former Fed Chairman Paul Volcker, Friday, May 21, 1999

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