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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: Paul Shread who wrote (1341)2/27/2001 9:31:23 PM
From: Jack T. Pearson  Read Replies (1) of 52237
 
If they don't bounce on Greenie's speech, I don't know what the heck they'll bounce on. Maybe he'll go back to the office and cut rates after he testifies.

Many people are convinced that Greenspan has all of these powerful monetary levers behind and that he is very wise and powerful. Many are convinced that all Greenspan has to do is give out hearts (confidence), courage (more confidence), and brains to consumers (although many would argue that brains are an unnecessary option for consumers) . . . and tell the consumers that if they shut their eyes, click their heels together, and repeat "It can all be fixed with rate cuts!", they will wake up in a growing economy with a rising stock market. All I can say is that if he does all that and it works, somebody ought to make a movie out of it!
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