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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (32737)9/23/1998 3:39:00 PM
From: Mama Bear  Read Replies (2) of 132070
 
Michael, I have a question. When I was listening to Greenspan speak today I heard that the economy would slow, and that there would be significant repercussions from the situation overseas. To me, this says that productivity will fall and profits will be squeezed. I did not see it as a report which should be seen as bullish for stocks in the near future. However, the S&P is up almost 3% on the news. What am I missing?

Barb
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