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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: Tim Luke who wrote (8184)1/18/1999 1:38:00 PM
From: Rick Faurot  Read Replies (1) of 90042
 
<<Analysts said the prime economic factor expected
to move U.S. stock markets would be the prime
mover himself, Federal Reserve Chairman Alan
Greenspan.
While Greenspan's comments rarely fail to inspire
investors, economists have cautioned Wall Street that
the blessing could be mixed when he testifies before
the House Ways and Means Committee on
Wednesday.
According to majority speculation, Greenspan will
likely praise signs of continuing strength in the U.S.
economy, although worries of currency contagion from
Brazil could dampen an otherwise optimistic outlook.
Some economists, however, believe Greenspan is
taking a more somber view of events, particularly Wall
Street valuations, and may counsel Congress that the
stock market is now growing in a bubble of "irrational
exuberance." >>

from CNNFN
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