Heinz,
re:
>> ...the man is dangerous, contrary to conventional wisdom.
that's an interesting thought.
we're quickly nearing 11,000 again. only a few "good days" (quotes needed there) would put us there. the mania, indeed, wants to run.
I think Greenspan is armed with the same information which you post here -- and post well, thank you.
His preference, it's obvious, is for "market forces" to restore stability and sanity.
But that obviously isn't happening.
Personally, I think he'll "rise to the occasion" (pun intended) and snuff this potential blow-off: by hikes, words, whatever.
As a former programmer who once said that "99% compliance isn't enough" for y2k, he must -- must -- get this market at more rational levels before the Century Date Change, as he calls it.
I believe that. I think he tries to be tolerant...but he's no fool.
So this rise should be seen for exactly what it is...a gift those who wish to short or put -- and now can, at higher levels.
Thanks again for all the great posts...
regards,
doug
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