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

To: MythMan who wrote (12062)	2/23/2000 3:36:00 PM
From: KeepItSimple	Read Replies (1) \| Respond to of 42523

You poor, ignorant fools. Greenspan on national TV showed that he has no spine. After last week's testimony which caused a sharp drop in the momo stocks, he was grilled today about hurting our economy through raising rates. Greenspan, feeling incredible political pressure, backpeddled on EVERYTHING he said previously. He said there is no way to see a bubble, and that he wouldn't target high stock prices, even though 1 week earlier he said the wealth effect of the market was the problem. The Fed's number one goal is to keep its powers. If they are blamed for a crash, the most profitable corporation on earth- the FED, could have its powers questioned. If you are the powers behind the fed, are you going to give the public anything to chew on with regards to your powers? THEY WILL DO NOTHING. GET THIS THROUGH YOUR HEADS. THE FED WILL DO NOTHING. The mania will continue until it takes every penny from every man woman and child in this country. There is NO WAY TO FIGHT THE MANIA. YOU MUST PARTICIPATE OR YOU WILL BE BROKE IN COMPARISON TO YOUR NEIGHBORS WHO JUST MORTGAGED THEIR HOUSE TO BUY YAHOO SHARES. Hyperinflation at its extreme- but the only currency that is not losing value are tech stocks. Therefore, you should view investing in stocks with triple digit PEs or better yet, no earnings whatsoever, as a HEDGE AGAINST INFLATION. Forget gold, it doesnt rise anywhere near fast enough to hedge inflation. The only thing that is going up as fast as greenspan is printing money and devaluing our currency is NASDAQ TECH SHARES.. HOW CAN YOU PEOPLE BE SO STUPID? This is a fundamental change in our economy, but you cant see it? Our economy today is based on speculation and gambling and 20% daily gains in stock prices. Dont you see the inflation? Dont you see that the only way to keep from becoming poor in relation to everyone else is to join the mania?