GZ,
IMO, AG, has no more of a clue about the future of the economy than you or I.. He enjoys the icon status people have placed on him, wants to maintain it, so he talks in gibberish that can be interpreted either way after the fact.. Relishes his "media star" status.. his "AG talk", his "brief case indicator"..
IMO, he is a mouth piece FOR the market, behind the curve.. instead ahead of it..
When I started to watch the markets, Paul Voelker (sp) was in his position. To me, PV was much more ahead of curve.. much more his own
man, less the politician...
Sure AG, causes ripples affecting the markets short term making
schmucks like me to stay out until the dust settles..
AG realized his impotence for markets long term after the "irrational exuberance" speech when the Dow was 6500 or so.. The market shook that off like a flea.. so he jumped on the band wagon of
"exuberance"..
Interest rates are up 25 points already so if he raises them now 1/4
point, whats the difference?
GREENBACKS drive the market, NOT GREENSPAN...
BWTHDIK... being "one of the great unwashed masses" out in the foothills of the Sierras and out of the financial loops..
Coug |
