America On-Line (AOL) Message Board

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Technology Stocks : America On-Line (AOL)

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To: BomboochaBoy who wrote (5660)	2/24/1999 9:41:00 AM
From: RocketMan	Read Replies (2) of 41369

I just posted the same thing. GMTA :-) Today AG does his thing again, in a Q&A session with the House. I guess I missed in the Constitution where the Fed Chairman is supposed to be the nation's stock advisor, making statements on whether the market is over or undervalued, commenting on investor's level of exhuberance, or commenting on whether Americans are "investing" or "gambling" on an individual sector, whether that be the internet or any other sector. I always thought the job of the Fed board was to determine interest rates and to control the money supply by trading bonds. If AG did not have a big head, he would answer questions about the market by saying that his opinion is no better or worse than anyone else's, and that if anyone wants stock advice they should call their broker or read professional analyst's opinions. AG, how about worrying about the money supply, and let the market determine for itself if it is over or undervalued.

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