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Technology Stocks : Dell Technologies Inc.
DELL 139.01+4.1%12:17 PM EST
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To: Eric Ridley who wrote (53999)7/26/1998 5:16:00 PM
From: jhg_in_kc  Read Replies (1) of 176387
 
to eric and frank re: Greenspan's meddling. Calm down. I am the guy who put out the original post saying Greenspan was part of a all male Wasp, Skull and Bones. eastern establishment conspiracy designed to keep the average investor down. while protecting the interests of the Big Banks. THIS WAS A JOKE.
that said, I do agree that Greenspan has no business trying to jawbone the stockmarket down. (or up for that matter). he is only supposed to have authority over the money supply and interest rates and only use those to goose the ecomony or take away the punchbowl.

when the fed starts regarding a certain level in the Dow Jones or a certian duration of time the market has gone up without a correction as a warning sign of inflation, he has overstepped his bounds.
He is making the stock market into an indicator to watch as a trigger for higher rates. This is totatlitarian or at least oligarchian.

He can keep his eye on prices,, wages, the cost of goods at wholesale level, the money in circulation m1 thru m3, etc. but he has no business making judgements as to when the stock market is or is not too high.
this is what I object to. The rest of it was kidding on the square.

Although to be sure I wouldnlt bet there isnt some kind of loose-knit affiliation of these guys for mutual profit. They all run naked together at something called the bohemian club. maybe greenspan attends these stroking sessions, too.
jhg

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