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Technology Stocks : All About Sun Microsystems
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To: Charles Tutt who wrote (29613)3/28/2000 4:25:00 PM
From: QwikSand  Read Replies (1) of 64865
 
Not normally a conspiratorialist, I am in this case convinced that AJC's asset reallocation today was in response to a phone call from Greenspan. He's in a corner. He can't tighten 50 basis points at one go in an election year. He can't raise margin rates. He doesn't really want to cause a market crash or a recession. But as Abelson correctly (for once) points out, he's got Summers buying back long term debt to cancel out all his little interest rate moves. Result: Greenspan needs him some Viagra, cause his equipment ain't working. I think he's just cadging whatever help he can get from his fellow Playaz.

--QS
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