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Strategies & Market Trends : IPO and Other Stock Plays

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From: yossarian67	6/7/2005 2:06:27 PM
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I'm simply amazed that now greenspan is saying an inverted yield curve may not mean now what it's meant every other time it's occured: slower economy/recession. this is unbelievable to me, it's as if this guy is changing/re-arranging philosophies to justify more rate hikes to come. I don't like what I'm hearing from this guy right now, Thursday should be more telling----if the fed continues to plow interest rates after 3 1/2%, this market is in deep trouble...inverted yield curve has equaled impending recession every time for I believe 50+ years, including the '01/'02 recession...I don't understand how he could imply this here, he's been saying the opposite for decades?!?! I just get the quesy feeling he wants to end the housing boom and is going to stubbornly keep raising the short end to try and get the long end up...the opposite has occured so far, so he simply changes a long held opinion(of his/historically accurate!): inverted yield curve means impending slowdown.

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