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Strategies & Market Trends : Sharck Soup
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To: truthcommission who wrote (17697)4/21/2001 12:08:33 AM
From: American Spirit  Read Replies (2) of 37746
 
Yes Greenspan did raise last year to crush irrational exuberance. According to LA Times today he lowered this time in order help the markets as he realized they have become more of a tail wagging the dog of the economy than ever before. About 50% of the people in the country now own stocks. That has doubled in recent years. So when the market goes too low they stop spending altogether. And it's a self-fulfilling prophesy. The gloom itself causes the recession. That is why it is so important we have hope back in the markets now. It will save us from further recession. It's all connected and now Greenspan is on longs side. He must be. Shorts just went too far even calling for the most widely held company in the world to go out of business.
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