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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 662.72+0.4%Nov 19 4:00 PM EST

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To: bobby beara who wrote (57059)7/22/2000 8:47:29 PM
From: Eski  Read Replies (3) of 99985
 
This Quote say it all IMO. Only time will time whether the Bulls or bears win out.

""Picture this: Easy Al as spokesman for Mr. Bubble. . . My interpretation of Greenspan is that he knows the market is a bubble in the process of bursting, and he's trying to run for the hills to get as far away from blame as possible. Even he is smart enough to see where this is headed, and though he continues to talk about the great productivity miracle, there's too much data now calling it into question, so that line is starting to wear thin. Greenspan is attempting to avoid getting blamed for the crash, even though he deserves a huge chunk of the blame for fomenting the bubble in the first place, as I've so often said. His burst of liquidity last year for Y2K is only the most blatant example of his not understanding the fundamentals. ""

Daily Market Rap with Bill Fleckenstein
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