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

To: Lucretius who wrote (10789)	2/18/2000 11:14:00 PM
From: bill meehan	Read Replies (1) \| Respond to of 42523

Luc, "people" don't have a clue. They just think the Great One knows all and has given them a free put on the market. Big Al has put the "mo" in moral hazard and has few options to deal with the bubble. If he wanted to reign-in asset prices all he would have (and has) to do is just deliver one surprise to the market...keep traders off balance. However, he's scared to death of being blamed for brining the whole house of cards down, so predictable, small steps are all he can do. However, at some point (perhaps now?) realization that an indeterminate number of 25bp hikes is just as bad, or worse, for equities and will lead to a bit of unbullishness. Of course myths are just that, so my target of 2025 on the COMP is sheer lunacy that will undoubtedly be dealt with by the neurologist and a Viennese shrink. <g>