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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: HairBall who wrote (41040)	2/23/2000 11:00:00 AM
From: HairBall	Respond to of 99985

Greenspan's testimony is being broadcast on CNN. EDIT: They just moved on to other coverage. I guess Greendude was getting questioned a to hard. That man does not even bleak as he spews his BS...one cool operator! Greenspan the Fed Godfather...<g> Whoops hes back on... Regards, LG

To: HairBall who wrote (41040)	2/23/2000 11:05:00 AM
From: Les H	Read Replies (1) \| Respond to of 99985

All those new internet sub-sector and infrastructure index funds appear to be distorting today's market. Noticed that Value Line Geometric is hanging just above the October lows of 395. Dow Transports has been just above the October 98 lows for several days now. Inflation is a cash cow for the Democrats. The tax receipts grow much faster than the CPI-indexed brackets, and more bracket creep into the AMT.

To: HairBall who wrote (41040)	2/23/2000 11:29:00 AM
From: sandeep	Respond to of 99985

Greenspan should be slammed. He is forgetting that people who want to make money will make it somewhere outside US - Japan, Europe, Asia, CRB. He has been annointed king by these politicians and now he has gone berserk. How can one man be allowed to scare everybody ?

To: HairBall who wrote (41040)	2/23/2000 11:37:00 AM
From: HairBall	Read Replies (2) \| Respond to of 99985

Greenspan is saying that equity values may not be overvalued, but he has a problem with the rise in equity values because it is raising the net worth of individuals creating a wealth effect consumption problem. In other words, the common folks are out of control. We (the central bank) are going to control their wealth by raising interest rates, thus forcing the wealth, created by their innovation and new productivity, out of their pockets and into the central bankers' pockets. That is how we have done it for years, no reason to change now. There is no new era...same old, same old...federal reserve criminal enterprise at work...<ng> Regards, LG