Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Sosmartinov who wrote (60816)	9/12/1999 9:48:00 AM
From: lee kramer	Read Replies (1) of 120523

Sosmartinov: Methinks you make part of my point. Yes, companies will try to do what OPEC is doing now; that's the point. With an accommodative Fed/Treasury...with money and credit readily available, these price increases can "hold", they can "take". So far, the FED is trying to keep a lid on things. Greenspan's real fear, and he's mentioned it several times, is the unprecedented rise in asset (stock) prices. Lotsa folks borrow against 'em,(check record margin debt) consumers experience the "wealth" effect and consume strongly. AG is worried about what can happen (and it can) if the market heads south, hard. He doesn't want to see a speculative binge because all binges end in a crash...not on his watch. He's treading a fine line, and thus far appears to be doing OK. Traders may not like his moves at times, but he's looking at a bigger picture than market bulls who tend to be insular in their thinking; anything that helps push up stock prices, my stocks in particular, is good...anything that hampers rising stock prices is bad. Doc Kronkite has more to say on this later today. (Lee)

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