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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

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Nov 14 4:00 PM EST

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To: HairBall who wrote (41040)	2/23/2000 11:37:00 AM
From: HairBall	Read Replies (2) of 99985

Greenspan is saying that equity values may not be overvalued, but he has a problem with the rise in equity values because it is raising the net worth of individuals creating a wealth effect consumption problem. In other words, the common folks are out of control. We (the central bank) are going to control their wealth by raising interest rates, thus forcing the wealth, created by their innovation and new productivity, out of their pockets and into the central bankers' pockets. That is how we have done it for years, no reason to change now. There is no new era...same old, same old...federal reserve criminal enterprise at work...<ng> Regards, LG

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