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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Freedom Fighter who wrote (66858)	8/27/1999 10:48:00 AM
From: zsteve	Respond to of 132070

boools will say that's very bullish -- if the market ever goes down, don't worry, our boss AL.com will come to save you; no crash will happen from now on. blab, blab.

To: Freedom Fighter who wrote (66858)	8/27/1999 11:12:00 AM
From: Merritt	Respond to of 132070

Wayne, his words are one thing...adding another few billion ($3.055 bln) in reserves is another. biz.yahoo.com

To: Freedom Fighter who wrote (66858)	8/27/1999 11:23:00 AM
From: Tommaso	Respond to of 132070

It is remarkable to see Greenspan saying (in his elaborately hedged and indirect way) things that have been commonplaces of discussion on this thread for two years or more. He's not exactly yelling "fire" in the theater, but he is inquiring as quietly as possible where to find the fire extinguishers. Or so it sounds to me.

To: Freedom Fighter who wrote (66858)	8/27/1999 11:24:00 AM
From: Knighty Tin	Respond to of 132070

Wayne, I think he has always known he was causing a bubble, but it was so nice to be liked and respected by the herd. Now, as the scent of the slaughterhouse approaches, he is becoming mildly cautious and thinking about protesting the coming bullet in the head of the market. <g>

To: Freedom Fighter who wrote (66858)	8/27/1999 1:48:00 PM
From: valueminded	Read Replies (1) \| Respond to of 132070

Wayne: If you read the speech carefully, it clearly indicates AG's resolve to support the stock market and bond market at any cost in the event of a rapid move. It also says slow moves are ok. He is carful to point out when the market needs added liquidity to maintain its upward bias and also careful to avoid calling it a bubble or anything like that. Clearly this is a market friendly speech aimed at placating anyone who fears a market break. imo PS, and I know that this is small, but have seen the first increases at "fast food" joints in our area. Approx 5-7% price increase.