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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 668.73

+1.5%

Nov 24 4:00 PM EST

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To: Casaubon who wrote (63290)	11/28/2000 8:06:16 PM
From: jmootx	Read Replies (4) of 99985

I was upset the Fed went too far in 1998 and did nothing in 1996. Irrational exuberance began post 1995 and the fed did nothing to target the growing wealth effect then. They were too afraid to damage the needed financing that Rubin insisted was required to fuel the 'new economy'(developing economy) Again Greenspan is human and the rapid market bubble that formed and its related crash now prove he has made mistakes that developing economies make. Financing the new economy is different then the old and the sheer force of investment made to satisfy the demand is to blame. Unfortunately he learned on the job as all of us had. Was the liquidity primed to prevent Y2k crises a good decision? Well 20/20 vision says no. Still a mistake regardless. Just an example how we are a developing economy that is not yet cognizant of how to manage it's dynamics. Developing economies like our new investment driven tertiary/rapid product cycle one is going through a hard landing as the market indicates. We are becoming risk averse.....take notice-nothing soft about that.

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