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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: accountclosed who wrote (37104)4/28/1999 8:01:00 PM
From: TheStockFairy  Read Replies (1) of 86076
 
Ok, does anyone think that the Fed is giving statements ala Slick Willy?

Example:

''But the likelihood, in my view, of the U.S. equity market creating a serious problem for the economy in the states or for world financial markets, I do not see as being very high,''

compared to

"I did not have sexual relations with that woman."

The statement that he gave is rather vague and doesn't really say much. What it does do is feed the bull, what it doesn't do is say that he expects a 40% correction in the markets and the correction will bring the market back to normal valuations.
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