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To: james paterson who wrote (74308)8/17/1999 4:52:00 PM
From: KeepItSimple  Read Replies (1) | Respond to of 164684
 
Keep dreaming. Greenspan's job is to keep the bubble inflated. Just because the dow is about to hit its all-time-high means NOTHING to him. He said it was irrationally exhuberant back at 6500. He has political pressure firmly applied to him- he knows the US economy is based firmly in the stock market, and anything to bring it down (a 1/2 point interest rate rise) is unthinkable.

Just get over rational thinking. These internuts are flying right back to their old highs. I'm actually on margin in my online and "old school" brokerage, to the hilt in internuts. I've got my money where my mouth is.

---------------
If the nuts go crazy for a few more days, greasepan might shock the mkts with a .5% increase



To: james paterson who wrote (74308)8/17/1999 11:56:00 PM
From: 16yearcycle  Respond to of 164684
 
If AG does a 1/2 point, the market would be nearly certain that he would be done for a long time. The markets would shrug it off. He will breed more uncertainty by doing a 1/4, which will create the possibility of an October 1/4 point too. It is very likely, imo, that he will do 1/4 and then there will be no moves until after January, if any then.


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