MRV Communications (MRVC) opinions? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : MRV Communications (MRVC) opinions?

MRVC 9.975

-0.1%

Aug 15 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Seth Leyton who wrote (1010)	12/6/1996 4:11:00 PM
From: Janice Shell	of 42804

Seth-- I do take your point, and I do agree that this market's, ahh, a bit overheated. But unless he had advance knowledge of the non-farm payrolls number (it's rumored that he did, but frankly I doubt it) he was taking the chance of provoking just the sort of nastiness he "saved the market" from in 1987. Yes, he is supposed to direct (not, I think, control) U.S. fiscal policy, but I think one could legitimately debate whether his brief extends to making remarks that might well induce a selloff as "exuberant" as the runup that preceded it. So--what should the role--and that of the Fed--be? Simply to fix monetary policy, or should it go beyond that? Uncle Alan opts for the latter, evidently, and he may be right, but I think what he did yesterday was an error of judgment. Janice

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next