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Politics : Ask Michael Burke

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To: Michael Bakunin who wrote (49589)	3/3/1999 1:06:00 PM
From: Peter Singleton	Read Replies (1) of 132070

mb (the second), Thread, thoughtful advice from AG to all the thousands of senior citizens who have all their savings invested in internet stocks. Do you 'sppose he's telling us the levee's springin' leaks faster than he can plug 'em? <g> Peter biz.yahoo.com Greenspan warns on over-investment in Internet WASHINGTON, March 3 (Reuters) - Federal Reserve Chairman Alan Greenspan warned older savers on Wednesday against putting all their savings into the highly valued stocks of companies associated with the Internet. ''As you move closer and closer to retirement you move to less and less risky assets. If you have everything in equities, if you have everything in Internet stocks, you're in real trouble,'' Greenspan told a House Commerce Committee hearing on the Social Security system.

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