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Pastimes : Trading the markets..... -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (2015)	12/16/2000 10:37:46 AM
From: Chip McVickar	Read Replies (1) \| Respond to of 4583

Greenspan seems to have gotten what he wanted from the markets....! A slowing in the frenetic pace of Nasdaq stock speculation, recognition that Internets must enter the economic cycle and a return to normalized historical growth. I don't know why economies need cycles of excess and drought and why economies cannot be self-sustaining. With that said I don't know if measuring them helps a trader very much. To Me.., the other significant insight is that a nations economy is "NOT" measured by stock prices. Stocks are only a reflection of one companies net worth, their price movements are totally based on speculation. Greenspan is concerned with the underling economic conditions that foster a sound system of national monetary strength. Any cuts going forward will reflect threats to that strength, he's not very interested in stock portfolios, only how they spend their gains. So I look for one maybe two cuts sometime next year, depending on what the "dubya" and his party has for magic tricks. Remember this guy just got shot out of cannon by a bunch of clowns. "A Black Hole" for stocks, I don't know...! I'm looking for a sideways market with underperforming stock speculation with lots of volatility and continued solid economic strength for this country. Europe will begin benefiting as players move money from our stocks and bonds to investment prospects in Europe and around the world.