The key is Greenspan's advisors and the politicians. Somebody needs to tell greenspan that in his effort to bring the NAZ mania to a close, he could be destroying the US economy. The A/D line shows that most of the stocks have been destroyed already.
Unfortunately, he has been lionized by the pols and the media. Big mistake! The US economy has done so well because of the optimism and inventiveness of the american companies and people, not because of always-late greenspan and lying bill clinton and the pols.
Of course, don't fight the FED. Courtesy Greenspam, just be happy to pay 46.5 for T, 52 for DD, 32 for MCD, 38.5 for CAT, 108 for IBM, 62 for MRK, 59 for EK, 40 for IP, 33 for DIS, 53 for UTX and 50 for C. |
