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To: engineer who wrote (44930)	10/15/1999 1:12:00 PM
From: J.B.C.	Read Replies (2) \| Respond to of 152472

Greenspan is an idiot when it comes to the market. Look at the overall market- over 60% of ALL stocks are down for the year. Few stocks have actually been what's propelling the indexes. What makes Greenie think that it's the governments responsibility to control the Capital Markets?? Jim

To: engineer who wrote (44930)	10/15/1999 1:36:00 PM
From: 16yearcycle	Read Replies (1) \| Respond to of 152472

I think you are right. It is one thing for a pro to use leverage, and not very safe then, but when people who have been investing for just a few years are heavily into option s and on margin, they are waiting to get killed in one of the drops that comes around every few years. But I think the fed's own stats showed that a 30% drop without a rebound would only have a 2% effect on gdp growth. And if he is so worried, why not alter margin requirements? He just wants to talk and talk it down. It's gotten bizarre. Meanwhile, as someone else noted, we only have a few dozen out of thousands of stocks that are doing well. And most people are in mutual funds and are sucking wind. I think one more speech like the one last night and I would be convinced that he is warning in advance that he is going to raise margin requirements. He SHOULD do this if he is so darn worried about a small fraction of gamblers who will be incapacitated by an unexpected drop. If he keeps talking this down,, the dow's pe is going to 16 next year.