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

To: MrGreenJeans who wrote (6256)	6/24/1999 10:02:00 PM
From: Demosthenes	Respond to of 15132

MrGJ, <<and goes on to state that Greenspan is orchestrating a slow decrease in equity valuations by incrementally raising rates starting at the end of June under the guise of fighting inflation.>> Sounds like a conspiracy theory to me, which can make for interesting reading. I don't think this is included in the mandate under which the FOMC operates. I do think, however, that the government is behind my always ending up with one sock with no match after the laundry is done. <<GGG>> Rgds, D

To: MrGreenJeans who wrote (6256)	6/24/1999 10:13:00 PM
From: Justa Werkenstiff	Read Replies (1) \| Respond to of 15132

MGJ: Re: "He makes the case that the Greenspan will raise rates more than once to slow the economy in the name of fighting inflation and strong growth but the underlying reason is equity valuations." Who knows for sure but I will take the Green man's word that he is focuses on the economy and inflation. I guess we will never know for sure because in fighting inflation he is, in effect, also fighting equity valuations. And the Green man is not going to tell us that he has a slow death wish for equities <g>. In raising the issue, Abelson is able to sell a lot of papers which is a good thing because we all know Abelson has a tough job coming up with good copy weekly.

To: MrGreenJeans who wrote (6256)	6/24/1999 10:27:00 PM
From: Carl R.	Read Replies (1) \| Respond to of 15132

Abelson's case that Greenspan wants to let some air out of the market sounds vaguely familiar. techstocks.com In fact I believe he would love to see a "gentle" bear market that keeps the stock market in a range for awhile while the economy catches up, but he wants to avoid a crash and depression/recession. Carl