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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: Terry Whitman who wrote (72579)10/28/1999 8:42:00 PM
From: Ken98  Read Replies (3) of 86076
 
<<I am not certain he wants to be known in the history books as the man who allowed the final blow off.>>

You could not tell that based on his speech tonight - he just put the peddle to the metal. And I hope that the history books fully document that the blood is all over his hands when it does implode. He has gone to extraordinary lengths to not only keep from popping the bubble, but to INFLATE it even further.

I attribute this to 3 things. First, the 3d interest rate cut and the timing of it last Fall, which has yet to be taken back. Second, the "neutral bias" announcement after the first rate hike. Third, this speech tonight which can be interpreted as nothing other than a green light to the stock speculators to have an orgy and the government cooks to turn up the burners.

Terry, I do not mean to unwind on you, I am just venting. <g>

Regards, Ken.
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