To: Steve Robinett who wrote (30667 ) 9/15/1999 1:25:00 AM From: Crystal ball Read Replies (1) | Respond to of 41369
Greenspan killed the dollar and market, but Japan is not importing. The Yen is high to the dollar, instead of our products pouring into Xenophobic Japan, instead Japan's central bank trys to support the dollar, and instead of products selling there are on the arbitrage, the exact worse case scenario happens instead, Japanese interestsstarted buying up US companies instead, our cheaper stock per weak dollar to higher Yen, and especially our financials....then the 30 year Treas tops not 6 but 6.1 at 6.13% and people are still praising Greenspan, I guess even Germany held on with the inexperience of youth in the bunkers...longer than most...but eventually fell.... now with Hurricane Floyd....homes/businesses/insurance payouts....if Greenspan and the boys at the Fed still are talking of adding more insult to injury and even pretned to raise rates maybe maybe in October type talk, instead of adding neeeeeeeeded liquidity for year2000 (Y2K) computer crashes and panic...they ought to be the first Fed Governors impeached,...along with Reno and the entire Asian Gang of 40. I am, Truly yours, -Crystal Ball P.S. I agree with your math and standards of deviation...but the money is always going to go somewhere, and I agree AOL action was smaller investors...these are the investors that do not throw down $10K for Treasuries...so they just wait, and sure enough, plunk it back down on AOL and caused the rally...the point being, that on Tuesday Sept 14, 1999 around 2pm it was the little guy who had the common sense to ignore Greenspan's orchestra and do the right thing, invest in America and invest in AOL. Now all the Pres. Candidates are starting to see the wisdom of anti-greenspan theory...we need the stock markets high tech stocks as the "currency' to do international mergers and acquisitions so that our US internet companies and high tech dominate the world markets into the next century...we ain't going to ever get there with Greenspan and the other government taxpayer paid pensioners who do not understand the new marketplaces dynamics anymore. Impeach the remnants of that horse and BUGGY age.