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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 690.270.0%Dec 26 4:00 PM EST

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To: Gary Burton who wrote (64416)12/16/2000 5:27:33 PM
From: Stcgg  Read Replies (1) of 99985
 
Gary, Greenspan Put?

Mr Greenspan doesn't think that way, his sole responsibility as chief fed officer is economic equilibrium.. As prospects now stand we can easily keel over into a recession in 2001, which is and hasn't been his agenda - he will attempt to curb this prospect and stay the course in his aim at 3-4% economic growth which was calculated to be a 'soft landing'.. It is evident that he over-reached his aim and must retract some pts to achieve it..

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