EMC How high can it go? Message Board

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Technology Stocks : EMC How high can it go?

EMC 29.05

0.0%

Sep 15 5:00 PM EST

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To: Fred Levine who wrote (10190)	5/10/2000 7:59:00 PM
From: Robert C. Barry	Read Replies (2) of 17183

Fred, I agree with Frank that the market is waiting for George Bush to be elected President before it takes off, but I don't agree that Alan Greenspan will be out of there. Greenspan's folly now is that he is trying to manipulate stock markets to control what he perceives of as an inflationary threat. He obviously has much more data at his command and earlier than the rest of us but I do not think he has any business trying to stop wealth creation to control inflation. He should stick with monetary policy. I believe that as oil prices recede the inflationary fears will subside and be swamped by productivity gains. The market will resume its climb as it did after his irrational exuberance campaign. This year it will be tied to the presidential election however. As for the economy under Clinton's administration vs. Reagan/Bush (as you phrase it; sounds like your one of those democrat pollsters) the President doesn't have diddily to do with the economy. That is the biggest BS ever perpetrated on the American public. The President runs the executive branch of the Federal government period.... He doesn't run GE, GM, Microsoft, Medical centers, mom and pop businesses, mid cap businesses, sports teams, universities, Cisco or EMC nor is he capable of so doing. All that Clinton and others before him can do is to step up and take a few bows for something they have not done and have little impact upon.(except for their negative impact from increased taxes)It is the energy and creativity of the American people that makes this economy strong. It is the reduction or leveling off of spending stuffed down Clinton's throat by the congress that has helped to stimulate the economy so that the American people can spend their own dough to create a favorable economy. If Reagan did something well it was to stop the tax and spend and inflate and tax and spend and inflate policies of the overwhelmingly democrat congress of the Carter and early Reagan years. RCB

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