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To: RocketMan who wrote (68680)3/7/2000 6:24:00 PM
From: A.L. Reagan  Read Replies (1) | Respond to of 152472
 
he can keep raising interest rates until every company, every stock is destroyed.

With oil shocks about to ripple throughout the economy, it should only take him half the time now!



To: RocketMan who wrote (68680)3/7/2000 7:20:00 PM
From: SpudFarmer  Respond to of 152472
 
Funny' you should mention 70's. You've got it exactly right except for one thing...greenspud SAYS he wants inflation down. He's said it so long that everyone believes him, but is doing everything in his power to cause it. Remember what caused and then killed inflation from the 70's? No one seems to. Old money doesn't want every stock to be destroyed, just the new owners. It's called control, and thus people like greenspud are around.

Enough 'useless blabber' cluttering the thread. Maybe it won't be so bad tomorrow afterall. But conservative measures are always wise. Are there any 'safe haven' stocks anymore?

Q rocks, disco is coming back again...

PS: Anyone have a good websource for an Rx to cure my manic-depressive behavior? : )



To: RocketMan who wrote (68680)3/8/2000 1:02:00 AM
From: Dwight E. Karlsen  Read Replies (1) | Respond to of 152472
 
average Naz stock down....

How do you figure? The Nasdaq Composite, consisting of ~4,877 issues, was up ~86% last year, and is up this year so far to-date ~20%. That's in the first 2 months and 5 trading days, or an annualized gain of ~120%.

Furthermore, the NYSE trades ~3,489 stocks, which is 1,388 less issues than the Nasdaq.

The bottom line for A. Greenspan is that there is such a thing as too much of a good thing. Some people actually believe that speculative bubbles never end well. But all they have to go by is the history of the world, so maybe they don't know that in this grand new era, speculative bubbles can go on forever, with no ill effects.