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To: long-gone who wrote (61519)11/30/2000 9:21:33 AM
From: Rarebird  Read Replies (1) | Respond to of 116931
 
Greenspan needs to get aggressive here....I think at some point a bear market correction or strong price rise in equities will ensue. I don't see how it can hold, however, until growth reaccelerates. Even in Bear Markets, 20%-25% corrections or counter trend rallies take place. Let's see what Gold does at that point...

PS Clearly, IMO, you "live in a Yellow Submarine", politically and economically speaking. The next President, whoever that might be, is already toast.



To: long-gone who wrote (61519)11/30/2000 11:38:25 AM
From: Zardoz  Read Replies (4) | Respond to of 116931
 
At the time of the operation, the federal funds overnight bank lending rate was trading at 6-9/16 percent, above the 6-1/2 percent target for the rate.

This is the most important news I've heard on this thread in months. As I suspected, Greenspan is pushing the Hard landing scenario upon the people. If this Fed rate doesn't fall below the 6.5% mark going forward then we may expect a raising going forward. And this would lead naturally to lower growth, if not recessionary power upon the markets. In deed… this is the best time to buy GOLD. Note the word GOLD… Not gold stocks… but GOLD… Buy GOLD. Are you listening?

Hutch