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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Lee Lichterman III who wrote (29764)	10/14/1999 10:29:00 PM
From: TimbaBear	Read Replies (1) \| Respond to of 99985

Well, guy, Greenspan did not say that high stock prices were a risk....he was addressing the banking community....you know, those precious folks that always have our best interests at heart?....and reminding them that they have to think things through when setting aside risk reserves....sometimes stocks dive on panic and they (the banks) need to be prepared properly for those events when they happen....you know, the same banking community that lost everything in the 1929 crash, the same banking community that was the focus of the Glass-Stegall Act, the same banking community that gave us the wonderful lending that led to the S & L crisis, the same banking community that allowed the hedge funds to so vastly overleverage that the FED had to lower rates just to avoid a major crash, the same banking community whose lending standards are once again getting so loose as to be laughable, the same banking community who has agitated successfully to be allowed to branch into stocks and insurance. We sit and laugh up our sleeves at how stupid J6P is for investing/speculating the way they do, but it won't be J6P who brings the system crashing down....it will be the "experts" and their leverage.....BWDIK?