Mr. Greenspan is only the messenger I agree. And he is delivering the message from whom? for want of a better word, those who control most of the financial assets of the United States. He represents the Board of Governors. He represents our betters. Those who invest but, of course, never speculate.
They think their invesment club is becoming a vulgar casino and they do not approve.
I read the messsage loud and clear.
I will sell one half my holdings at the open tomorrow.
I will not re-enter this market on margin until at least after Oct. 5, 1999.
The only thing worse than no regulation of the stock market is regulation.
The game is rigged. The Establisment, what we vulgarians would call the House, is going to win big in the Casino this fall and why not, they have the edge, thanks to Mr. Greenspan, He works for them, you know. Every time we place our bets, he comes around and says, "inexplicable." He is their official heckler. His job is to unnerve us. He does it well.
October approaches, end of the fiscal year. Prime time to enrich the yacht club trophy fund.
We are rattled; they are old shoe; loosey-goosey.
What if I went into one of their clubs and heard them discussing a merger and acqusition and I said "inexplicable" what would they say?
Call security, they would say. There is a most rude fellow here...
jhg |
