To Dana,
Greenspan's infallibility quotient went to hell for me years ago
when he had a federal job certifying the solvency of savings and loan
institutions. Of 12, under his examination, and certified solvent,
one was a bank and not an S & L. Of the 12, 11 went belly up within
the next 12 to 18 months. This account comes from a Harpers magazine
article, read some years back, about the S&L debacle that resulted
from deregulation of the industry. The man is just another economist
working in an inexact science, not GOD.
To all,
Interpreting a man's intentions, unless you have psychic powers,
makes no sense at all, and words spoken are history and can not be
rewritten, so nothing is gained by agonizing over them or their
consequences. Let it GO!!!
It seems that most people, including Greenspan, have missed the fact
that the flight of capital had started leaving big caps several days
before AG spoke. The market place is still the most efficient
regulator of its affairs. Trust it!!!
MRVC is a winner. In on my birthday Sept.'94 @ $8.50 before the 3/2
and 2/1 splits. Stay with it and prosper!!!
Regards, Henry |
