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To: pater tenebrarum who wrote (72586)10/28/1999 9:18:00 PM
From: dclapp  Read Replies (2) | Respond to of 86076
 
Heinz,

re:

>> ...the man is dangerous, contrary to conventional wisdom.

that's an interesting thought.

we're quickly nearing 11,000 again. only a few "good days" (quotes needed there) would put us there. the mania, indeed, wants to run.

I think Greenspan is armed with the same information which you post here -- and post well, thank you.

His preference, it's obvious, is for "market forces" to restore stability and sanity.

But that obviously isn't happening.

Personally, I think he'll "rise to the occasion" (pun intended) and snuff this potential blow-off: by hikes, words, whatever.

As a former programmer who once said that "99% compliance isn't enough" for y2k, he must -- must -- get this market at more rational levels before the Century Date Change, as he calls it.

I believe that. I think he tries to be tolerant...but he's no fool.

So this rise should be seen for exactly what it is...a gift those who wish to short or put -- and now can, at higher levels.

Thanks again for all the great posts...

regards,

doug