Silicon Investor (SI) -- The First Internet Community

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.

Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Carl R. who wrote (5995)	6/17/1999 1:17:00 PM
From: MrGreenJeans	Read Replies (2) \| Respond to of 15132

Equity Levels Excerpt from Greenspan's testimony taken from Bloomberg...any comments?: ''However, product price stability does not guarantee either the maintenance of financial market stability or maximum sustainable growth,'' Greenspan said. The Fed chairman said the current ''benign'' economic environment could be inducing investors to take on more risk and ''drive asset prices to unsustainable levels.'' While it's difficult for the Fed to say there's a bubble in financial markets, ''a large number of analysts have judged the level of equity prices to be excessive, even taking into account the rise in 'fair value' resulting from the acceleration of productivity and the associated long-term corporate earnings outlook,'' he said. Should interest rates rise, markets would likely fall, he said