Altaba Inc. (formerly Yahoo) Message Board

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Technology Stocks : Altaba Inc. (formerly Yahoo)

AABA 19.63

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Nov 6 4:00 PM EST

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To: HG who wrote (17524)	1/12/1999 7:38:00 AM
From: Keith A Walker	Read Replies (5) of 27307

I heard this from my brother (who had heard this on CNN yesterday) and got it confirmed by a member in my investment club. Two reliable and independent sources. Apparently, Greenspan will speak on 1/22 and address the Internet speculative stock mania. The Fed does have the authority (if not the responsibility) to prevent these speculative frenzies from continuing. The levers that are available are to increase margin requirements and raise the discount rate, let's say by a quarter point, to send a signal to the market. A small rate increase would do no harm and can easily be undone. Changing margin requirements is most likely, and would, in my opinion, slow this mania down. Good luck.

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