Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: dppl who wrote (25252)	2/19/2000 5:35:00 PM
From: j g cordes	Read Replies (1) \| Respond to of 68461

Its odd the long bond rate went down, financial stocks went down with the rationalization that Greenspan's intent was to raise interest rates. What's really happening? Here's a clue. Greenspan testified that he'd just as soon do away with the government bond market. It would do us all a lot of good by lowering taxes and making more sound other policies like social security. It could easily be replaced by private debt markets which work just as efficiently. World markets have established trading relationships with the US bond central to calculations. By pulling the rug out from under the economic models, Greenspan caused uncertainty to paint a broader brush. It doesn't take a lot to pop balloons.. this market's been waiting for the pin of uncertainty for some time. It wasn't raising rates that provoked the reaction, it was the spectre of doing away with treasuries.