MDA - Market Direction Analysis 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.

Strategies & Market Trends : MDA - Market Direction Analysis

SPY 689.17

+0.2%

Dec 11 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: donald sew who wrote (1231)	12/10/1998 5:43:00 PM
From: Monty Lenard	Read Replies (1) of 99985

Hi Donald, Maybe old news to everyone but just in case I thought I would post it. Comments by Ex-Fed Governor Lawrence Lindsey: Earnings growth is a necessary component to support current stock valuations. Former Federal Reserve Board Governor Lawrence Lindsey painted a bleak picture of what might happen if the wealth that many U.S. consumers have attained in the stock market were to collapse. In a speech today, Lindsey said, "The one thing we cannot afford to have is a collapse in our wealth. A collapse in our wealth suggests a probable end to the spending binge, and an end to the consumer spending binge suggests an end to the expansion. An end to the expansion suggests real trouble for the world." However, Lindsey feels the current Fed policy makers are mindful of the importance of preserving Americans' wealth. Monty

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next