Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 223.95

+1.7%

Nov 21 9:30 AM EST

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To: daryll40 who wrote (39886)	11/22/2000 9:43:53 PM
From: michael97123	Read Replies (2) of 70976

I have the UTMOST respect for Alan Greenspan and never have questioned him. Nevertheless, I wonder if he'll need to ease to calm the markets Actually this latest decline to 2750 nasdaq began as a response to the failure of the fed to go to neutral. I work on Wall St. The same guys who bought condos, bmws etc last year with stock market profits are or will be forced to liquidate some of these assets to pay the first mortgage. A falling stock market, nasdaq in particular, can tank the economy. If there is a 1% annualized, oil induced rise in inflation for 6 months to ward off a disastrous recession, so be it. Unless Greenspan has Altzheimers he should be thinking this right about now. Maybe he will speak, hopefully softly to this point and remove this point of fear.

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