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To: craig crawford who wrote (4184)12/20/2000 1:09:29 AM
From: fedhead  Read Replies (2) | Respond to of 57684
 
Another difference between Japan and the US is that we have
Greenspan at the helm. He is not going to make the same policy errors that the 1929 - 1930 Fed did or that the 89
Bank of Japan committed. I believe Greenspan will be successful in reflating the economy. Just don't expect the
1000 % returns of tech stocks. I am thinking we hit 2000 as
capitulation accompanied by very pessimistic sentiment indicators. I think the fed probably has to ease more than
once before we get a sustainable rally. You are right about starting to accumulate positions. I wouldn't do it with calls though.

Anindo