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Gold/Mining/Energy : Gold Price Monitor

GDXJ 117.61

+3.0%

4:00 PM EST

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To: long-gone who wrote (63862)	2/16/2001 3:34:56 PM
From: Alex	Read Replies (1) of 116815

The Blame Game............ FAITH, HOPE, CHARITY Alan Greenspan, who worked on Wall Street long enough to know better, invoked the authority of sell-side research in his Humphrey- Hawkins testimony on Tuesday: "Corporate managers more generally, rightly or wrongly, appear to remain remarkably sanguine about the potential for innovations to continue to enhance productivity and profits," he told the Senate Banking Committee. "At least this is what is gleaned from the projections of equity analysts, who, one must presume, obtain most of their insights from corporate managers." The Senators might have pondered this presumption momentarily—where do equity analysts get their insights?—but they listened as Greenspan proceeded. grantspub.com

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