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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: Sojourner Smith who wrote (8193)8/29/1999 12:54:00 AM
From: Alan Bell  Read Replies (1) of 15132
 
Sojouner, you might want to read Alan Greenspan's latest speech. It is really on eye opener. It is almost as if he is saying that he knows there will be a crash and there is nothing he can do about it.

In it Greenspan says "But from time to time, this process has broken down as investors suffer an abrupt collapse of comprehension of, and confidence in, future economic events. It is almost as though, like a dam under mounting pressure, confidence appears normal until the moment it is breached."

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