Ask Michael Burke 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.

Politics : Ask Michael Burke

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Kailash who wrote (48452)	2/23/1999 3:49:00 PM
From: Ilaine	Read Replies (1) of 132070

>>>>>Whether or not it's gripped by irrational exuberance is an issue that you won't really know for sure, except after the fact. But as I indicate in my prepared remarks, that I suspect that these markets are highly valued, leaves me without terribly much doubt at this point.<<<<< C'mon, guys, it doesn't a philologist to see that he is saying "Yes." Q: "Is the market gripped by irrational exuberance?" A: "These markets are highly valued (which) leaves me without terribly much doubt (that the market is gripped by irrational exuberance) at this time." He also said that it's not the job of the Federal Reserve to intervene to save the stock market. Which is true. It's not in the charter, period. It is in their charter to try to eliminate or damp down inflation and deflation to protect the money supply. Greenspan clearly stated the economy is very strong, he said something like "anyone who wants a job can find one."

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next