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Non-Tech : Greenspan, Rubin & Co - the Most Irresponsible Team Ever?? -- Ignore unavailable to you. Want to Upgrade?

To: Giordano Bruno who wrote (193)	7/22/1999 10:46:00 PM
From: Axxel	Read Replies (1) \| Respond to of 309

July 22, 1999 AXXel Knutson's Al Greenspan…time to take a walk? VTAR™ ["Volume Trade Analysis Research"™] "Manage the risk…the profits will take care of themselves" "In this business, being right is not as important as making money…consistently, and one of primary tenets of the quest is the avoidance of the 'obvious risk'" From AXXel Knutson, EVP & Director, Institutional Equity Research Platinum Equities, Inc. Member NASD & SIPC 80 Pine Street-32nd Fl-New York City 10005 Email: vtarmail@aol.com Telephone: 800-696-9002 or 212-271-0075 FAX: 212-271-0092 Platinum is not yet registered in the states of AR, ME, MT& WY & the Commonwealth of Puerto Rico and we are not currently in a position to service your investment needs in those jurisdictions. We clear our securities business through RPR Correspondent Clearing, a division of Dain Rauscher Inc. Trading Engine™ VTAR™ [Volume Trade Analysis Research™] Trade and service marked Maybe it's Time for Al to Spend More Time Soaking in the Tub Stocks and bonds were squished reeeeeeeeeeeeeeeeeeal good Thursday after Federal Reserve Chairman Alan Greenspan, who apparently spends his mornings pouring over papers in the tub before going to work, suggested a further tightening of interest rates may be necessary and hinted that stock prices are overvalued. The Dow Jones Industrial Average closed down 33.56 at 10969.22; it had been down 122 points! NASDAQ -77.33, or -2.8%. Farm equipment strong like DE [our favorite and] and Case]. Greenspan suggested that the economic outlook for the U.S. is "too murky" for the Fed to be clear on how it will act in coming months, particularly if the country's unemployment rate continues to fall. Al said that the central bank would act "promptly and forcefully" at any hint of inflationary pressures. We are beginning to think that Greenspan is losing it. Our first hint of this was the very weak response in the Fall of last year when the Fed acted late, acted meekly, and acted in three steps when one strong step could have done the trick and created less havoc. Here we have the same thing…except in reverse…mixed signals…bias, rate increase, no bias and now an indication of bias back to the rate increase side.It may be time for Al to scram. Talk to AXXel direct at AOL.com on AOL's MarketTalk hosted by Sage at AOL on Tuesdays at 2PM EST. Go to AOL and hit Keyword "PF Live" about 1:55 PM and you will get right in. DISCLAIMER Investment decisions should not be based solely on our proprietary indicators, which are intended as an adjunct to your additional analysis. Please accept these comments as market commentary. We do not intend these comments to replace detailed fundamental analysis. We urge you to accomplish that additional research via your contacts on the Internet or through a trusted financial advisor. If you want additional information, we will give it upon your request. This report has been prepared from original sources and company data we believe to be reliable, but we make no representation as to its accuracy or completeness. Additional information is available upon request. This report is published solely for information purposes. It is not to be construed either as an offer to buy or sell or the solicitation of an offer to buy or sell any security or the provision of or an offer to provide investment services in any state where such an offer, solicitation or provision would be illegal. Any opinions expressed herein are statements of our judgement on this date and are subject to change without notice and we may not update that change to you. Platinum Equities, Inc., its affiliates and subsidiaries and/or their officers and employees may from time to time acquire, hold, or sell a position in the securities mentioned herein. The author of this report, Axxel Knutson, does not invest in any of the securities mentioned in this report nor does his immediate family unless such securities are included in mutual funds or index options. Equity investment involves risk of capital loss. We recommend that your portfolio be diversified by company size, industry group, geographic region and by currency. It should not be assumed that future selections will be profitable or will equal the performance of past selections. Securities listed herein illustrate selections made using proprietary indicators know as VTAR™ [Volume Trade Analysis Research™]. These names, VTAR™, Trading Engine™, tradingengine.com™, Volume Trade Analysis Research™, are servicemarks/trademarks of AXXel Knutson and are given under revocable license to Platinum Equities, Inc. © 1999, All rights reserved, Axxel Knutson and Platinum Equities, Inc. Diversify. Got it? All recommendations and commentary are directed toward sophisticated, aggressive traders who have significant experience trading in a volatile market and who possess the financial resources to risk a loss of some or all of their invested funds. If you use margin, interest charges will lessen any return on investment. VTAR [Volume Trade Analysis Research] centers around the proprietary analysis of trading volume, price, general fundamental analysis, beta concerns, group rotation and detailed analysis of risk as it relates to entry and exit points in highly liquid stocks. Control the risk…the profits will take care of themselves…AXXel Knutson