Jack, sorry I was out. Ok, I guess we are now into facts vs. myth or whatever, I don't want to confuse you again.gg.
Fact: I did not listen to the whole testimony, but did get the part where Mr. Greenspan is talking about the market and where does he get the information that the market can not realistically sustain a growth rate it experienced in the last several years.? Now, I would consider that a myth. He can think so, but he cannot know. Have we heard of a dow 20.000? Anyhow, why mention it? I can't quite believe it will be that good but I don't move markets.
Fact: Mr. Greenspan does move markets. It's bad or good enough if he does it with interest rates. He does not need to give the market a downward push with his off handed market statements. A FED Chairman should refrain from this. If he wants us to lose money, he should let us do it on our own.
Your question about the market crash is loaded. Mr. Greenspan's remarks should not cause a crash. But if I hear a FED Chairman harping about irrational markets and not sustainable growth, it could cause me to cash in my chips and others may do the same. This is probably a bad choice of words, chips, gg since I am a long term investor in Intel.
Listen, I am not an expert on this. I let my common sense dictate my opinion and I have definitely be known to be wrong.
Your other fact: Sure, everything is only our opinion and someone else does whatever they feel like doing. The question is: If you are employed by people who pay your salary, should there be more concern for those people? Investors in stocks take care of employment, so don't nip us in the bud.
exchange2000.com
Sonny
BTW, why are the FED meetings closed? If they can talk to their hearts content, why is everything so secret?
Baltimore is ahead 4:2. Can we agree on that good news or are you for Cleveland.:-) ? |
