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To: stock bull who wrote (140865)	8/28/1999 10:14:00 PM
From: jhg_in_kc	Read Replies (1) \| Respond to of 176387

GREENSPAN AND THE OLIGARCHS Stkbull, You are absolutely right. greenspan may be proposing to make the equities market a leading economic indicator to be watched along with the CPI<PPI<durable goods orders, consumer confidence indexes, unemployment claims and the like. He is frustrated that he cannot stop what he has called "irrational exuberance" and may propose changing the way the Fed operates in order to deal with stock market price levels of which he, a Tbill owner, does not approve. I think this is damn near close to socialism or more accurately oligarchic control of the marketplace!!! and a far cry from Greenspan's Ayn Rand origins. If the fed has the power to say the stock market is too high, and then set about bringing it down, I for one will get out of the stock market for good. CLearly it will be rigged. Doesn't anybody else see this very great danger, or is it just me? jhg

To: stock bull who wrote (140865)	8/28/1999 11:13:00 PM
From: jhg_in_kc	Respond to of 176387

<<It does not matter any more if a stock is worth buying if Mr Greenspan feels that the market should fall at his every whim.>Frank Ellis Morris has said it all. IMPEACH GREENSPAN.

To: stock bull who wrote (140865)	8/28/1999 11:40:00 PM
From: jttmab	Read Replies (1) \| Respond to of 176387

I don't believe that you'll find that AG said he had any authority over the markets or the performance of the markets. I believe what he said was that the Fed would consider the markets in setting Fed policy....this is quite different. If I put it as a question....Would you like the Fed to ignore the potential effects on the market when setting monetary policy? I think nearly everyone would say "no". If you read the text differently, that's ok...but we disagree. Best Regards,