Alan Greenspan MUST GO: Message Board

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Pastimes : Alan Greenspan MUST GO:

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To: Master (Hijacked) who wrote (180)	6/27/2000 4:58:00 PM
From: don_barzini	of 494

And the frenzied volatility has serious downside. For every daytrader and speculator that buys a new house, there are two that need to get a second mortgage or draw from their retirement savings in hopes of capitalizing on the next swing... (Don't worry, though, the Fed can just make it easier for everyone to get credit.) The media, of course, has no problem with exploiting this "exuberance" in the stock market. In fact, is there is anything "irrational" about this "exuberance" it is that Greenspan's public image and the media's coverage of it has probably created this problem in the first place. Consider for a second that the media reported on Greenspan's speech in a review of the economic landscape rather than a Maury Povich exclusive interview, and we'd take one step towards reducing harmful volatility. And... you're right about fundamentals. If that's when drove the stock market than the media would have to do actual research!!!

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