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To: Giordano Bruno who wrote (6656)7/27/2000 11:00:19 PM
From: Lucretius  Respond to of 436258
 
LOL



To: Giordano Bruno who wrote (6656)7/27/2000 11:00:33 PM
From: Gut Trader  Read Replies (2) | Respond to of 436258
 
Is this the greenspan your talking about?

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To: Giordano Bruno who wrote (6656)7/28/2000 8:59:18 AM
From: LLCF  Respond to of 436258
 
There's no doubt that the stock market boom of the '90s has made a lot of people
very wealthy, but a good two-thirds of that wealth remains in the hands of only 10% of the population. The other 90%
have been playing catch-up, many with their life savings and retirement money. And now Greenspan is taking it away
from them. They feel violated. Interfered with. This isn't money they can afford to lose. Besides, they haven't lost
before; their only experience is with a bull market. Why should things change? "I lose half my net worth and there
Greenspan is on TV talking about the wealth effect," says Hoyt Brown, who has watched his retirement savings of
$88,000 dwindle to less than $30,000 this year. "I'd like him to tell me where that wealth effect is.... I just don't get
it."

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DAK