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Pastimes : Alan Greenspan MUST GO:

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To: Master (Hijacked) who wrote (240)1/2/2001 8:16:56 AM
From: BWAC   of 494
 
<all I hear is silence. >

And you won't get an answer either. The defenders are profiting from the economy's demise by speculating on the short side, or holding cash until they see prices lower than their wildest imagination could have hoped for. When Greenspan takes away their power license they will sing a different tune.

It is all about power right now. Pile on power downgrades. Pile on power shorts. Pile on power holding cash by the mutual funds. In the long run, they'll all be wrong of course. But in the short run the long term rational investor will still look wrong for a while.
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