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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Karin who wrote (10545)	10/22/2000 9:15:06 PM
From: Kirk ©	Respond to of 42834

GREENSPAN: Well, Senator, as you know, I've always been strongly supportive of cuts in the marginal tax rate, and/or reduction or even elimination of the capital gains tax, which I've always thought to be a poor means of obtaining revenue. In the current environment, the need to introduce tax cuts to get the economy going, clearly is not particularly the first order of business. And as a consequence, I have argued with respect to the surplus, that my ideal economic policy would be to leave it alone, pay down the debt, lower interest rates, long term interest rates as a consequence, and that would, in my judgment, be the most effective. If it turns out that it is politically inconceivable that these surpluses can be allowed to run, I've argued that then unquestionably, tax cuts are the appropriate means, not spending increases, which are difficult to turn around if they create troubles. I'm not saying that tax cuts are easy to turn around, but I prefer that that was done because that would be better for the economy. Specifically, I think that it is important to distinguish from an economic point of view the question of whether you're dealing with marginal tax rate cuts or other types of taxes which reduce the tax burden, but not the marginal rates. Clearly, in my judgment, the marginal rate cuts are far superior to the other forms which clearly have advantages in many respects. In a general way, I've never seen a tax cut I oppose in the abstract, and the lower the better." ======================================================= What is so hard to understand for some about this statement?

To: Karin who wrote (10545)	10/22/2000 10:51:25 PM
From: J. M. Blackburn	Read Replies (2) \| Respond to of 42834

Karin, Some day you may surprise me and write a neutral or positive response to what Bob has to say. No wonder you where kicked off his site. You claim to be objective??? For your information Bob put a stop loss at 84 but many of us who follow him closely understood the trade as it was developing and bought before the weekend show and sold before the stop loss at much higher levels. I personally made a six-figure amount in those few weeks in TER and a few others. Many others sold QQQ much higher than the 84. Stop your complaining, why do you even post on a Bob Brinker discussion site? Are you trying to save us from ourselves? Thanks but no thanks; you go on ignore from now on.