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To: musea who wrote (24526)	10/18/1999 12:54:00 AM
From: Sonny McWilliams	Respond to of 27012

musea. Globex has worsened since I last checked it. At least my football team only lost 1 game so far this season. gg. Greenspan. Yes. I def. agree with you on Greenspan. He DOES KNOW exactly what he is saying. The point is SHOULD he be a stock market timer and SHOULD he be in the business of doing damage to the market with his continuous remarks about it. He is starting to go at it with a vengeance and I don't think THAT is a FED chairman's job. He kept saying that he does not interfere with the markets but he certainly does now. I gave you 1 example yesterday. Should it be the FED's place to bail out Hedge Funds that get into trouble? Should he keep the financial markets hostage? I don't think so. What's the saying? Put up or shut up. Too few men having too much power. Open up the FED and you don't need to keep hinting and hinting. Again. Say what you mean or say nothing. And if you say that you don't target the stock market, then don't target it. Too many games are being played now. And you are right. The FED is not here to help an incumbent President but the FED is also not here to hurt an incumbent President. And the fact remains that A.G. was way to tight back then. Anyhow. I hope his importance is not getting to him. At this point he is not only hurting the markets over here with his continuous talk but also markets around the Globe. I can't see how this is going to help anyone. I am not hurting. After all, we are still at 10,000. But what will he do if everyone decides they have enough of this? Flood the markets with liquidity again? I know you have Bank stocks. I had them too but decided to get out when he started his ramblings. I am not sure what is the best way but I do know that A.G. is def. a big force in this down market. Come on. Gold stocks and oil stocks were retreating before he talked again but he still was not happy and inflation is NOT here yet. Well. Enough of this but one thing I am def. sure of. There isn't a darn thing WE can do about his ramblings. Well, maybe there is but I am not inclined to do this at this time. And Yaacov agreed with me. gg Sonny