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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (2606)	1/14/2000 9:07:00 AM
From: Cynic 2005	Read Replies (1) \| Respond to of 42523

The first time ever I have seen markets' initial reaction to Greenspan's comments is in the opposite direction. When he said irrational exuberance, the market tanked intially and then recovered. When he said banks should be prepared for a stock crash, the markets tanked for a day. Now, when he says that he is concerned about rise in stock prices and he will continue to raise rates, they don't even believe that he is serious. What if he IS serious? Hmmm.... Bonds off their highs. squote.marketwatch.com