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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: stockman_scott who wrote (1528)2/28/2001 9:58:52 PM
From: Terry Whitman  Read Replies (1) of 52237
 
Greenspam sold his soul to the devil in 1998 when he rescued the gamblers with his rate cuts. We were due for a cleansing wipe out in 98- and he short circuited it to save the hedge funds. We would be in much better shape now if nature had run it's course 2 years ago.

The birth of the Greenspan Put gave the gamblers the green light to speculate. It was an unfortunate moment in economic history. Millions of speculators renewed their confidence in the giant ponzi scam. Wall St. of course took full advantage of it. Printing tons of worthless stock in the name of 'The new era'.

It's all quite shameful- but a fool and his money will part ways in the long run anyway, so we may as well collect some of it. <g>
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