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Strategies & Market Trends : Playing the QQQQ with Terry and friends.

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To: MJ who wrote (665)6/7/2005 12:37:07 AM
From: Walkingshadow  Read Replies (1) of 4814
 
Yes, I believe he is appointed, and the appointment confirmed by Congress.

Greenspan is very useful..... if nothing else, he always gives the talkingheads something to attribute any market movement to when they get tired of talking about oil or jobs or the CPI or the PPI or whatever happens to get thrown on the menu.

If the market goes up, it's "investors snapped up shares enthusiastically on Wall Street today, cheered by the possibility that Greenspan will continue with his "measured" pace of raising key central bank lending rates. 'The talk I'm hearing from traders is that they are increasingly confident that this approach will not hinder the recent economic recovery', said I. M. Fullabaloney, Director of Institutional Trading for Popsiclestand Investments in Catfish Swamp, Mississippi."

If the market goes down, it's "skittish investors sold shares on Wall Street today, unnerved by the possibility that Greenspan will continue his "measured" pace of raising key central bank lending rates. 'The talk I'm hearing from traders now is that they are increasingly worried about the ultimate effect of this approach on the recent economic recovery,' said Iceberg Wacko, Chief of Investment Research at the Toodamncoldhere Capital Management Group in Snowballs, Alaska."

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