Clown-Free Zone... sorry, no clowns allowed Message Board

STOCKTALK

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: UnBelievable who wrote (21916)	9/26/2000 7:48:41 PM
From: pater tenebrarum	Read Replies (3) of 436258

i'm certain that's the case. first line of defense is the Greenspan put...that one is already being thrown into battle in the form of liquidity being supplied via the backdoor. the money supply growth explosion is certainly not a coincidence. if that doesn't help, the old suggestion to use the ESF to buy spoos directly will certainly be revived... considering that stock market trading exceeds GDP by a factor of approx. 3,5, that 50% of households are in the market and that the huge current account deficit depends on foreigners continued appetite for US financial assets for its financing, i am certain that the market is on politicians and sundry policy makers minds all the time. i don't believe for a second Greenspan's recent assertion that he has stopped worrying about this momentous bubble. too much depends on it. of course this way an ever bigger trap is being built...moral hazard at its finest.

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