BEA Systems (BEAS) - Undiscovered Growth Stock Message Board

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Technology Stocks : BEA Systems (BEAS) - Undiscovered Growth Stock

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To: growthvalue who wrote (569)	10/16/1998 11:28:00 PM
From: softcash	Read Replies (1) of 2477

Growthvalue, are you still around? Do you recall post #567 ?? On August 26th, I posted that Greenspan wants a market crash. 5 days later we got it, on August 31. I also mentioned that the REAL interest rates were too high, way too high. I also said in their that we are dependent upon the world and they on us as never before. Greenspan echoed these very same words just prior to his first increase. In fact it was a rare hint to us all that he was about to decrease rates. Well now he increased them twice. My our economy wasn't in such good shape as you erroneously assumed, heh? At the beginning of October, I was alittle disappointed that Greenspan did not decrease rates 50 basis points. In fact I was very concerned about another October crash. The market loves to crash in October. I formally apologize to Mr. Greenspan for calling him an idiot. I think he changed his attitude in time. Just think last July he was about to INCREASE rates !??!! That would have been utterly catastrophic. You'all don't know how close to disaster we all were. I give him a B-. He should have decrease rates 25 basis points last March-April, just when Japan was having much larger problems. I might add, even though the rates are getting in line, we are still not out of the woods. Alot still depends upon our foreign neighbors. Our country has shown leadership. It's now up to Japan to take over. They will need to pass banking reforms that actually work and they will need to show leadership in ASIA. ASIA will not get out of recession/depression so quickly. Lowering our rates helps them alot. I think if we are trading in ttf monetary units, you owe me 4 beers: 2 for two market crashes and two for two rate decreases. Probably should make that five, since Greenspan just about repeated my post concerning our dependency on our foreign neighbor's economies, word for word. Yes, make that 5 Fosters.

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