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Strategies & Market Trends : Angels of Alchemy -- Ignore unavailable to you. Want to Upgrade?

To: wannaBrich who wrote (23799)	12/20/2000 7:20:54 PM
From: TsioKawe	Read Replies (1) \| Respond to of 24256

I was thumbing through some old Mags at the Hospital while I waited for an appoitment and came across an old article printed earlier this year in Business week (I think) and it was talking about how Greenman was attacking the markets to bring things into perspective, because that is what was generating prosperity.. He has done a fine Job thus far, and I do not expect any surprise rate cuts until his next meeting.. Feds seem happy right where they are...back to 2.5% growth...a 60% haircut to everyone..(except Baldy)

To: wannaBrich who wrote (23799)	12/20/2000 7:48:16 PM
From: Lazarus_Long	Read Replies (2) \| Respond to of 24256

I would say that knowledgeable and experienced investors have always cared what the Fed did for the past 90 years. And they were paying attention before the irrational exuberance speech. It has been understood for decades that the Fed did have the power to determine what happened to their portfolios. And the Fed isn't so concerned about investors. They are one of many economic groups that have to be considered. The Fed considers that it's primary responsibility is to keep inflation at a low level and at the same time to keep the economy out of recession. Given that, Greenspan gets at least an A-. There was a problem with recession in the early 90's, but other than that he's done fine. It is believed that twice- -in 1987 and after the LTCM problem- -the Fed under his management probably prevented a recession. And it's not the Feds responsibility to keep you from getting margin calls from your broker; that's your responsibility. The sooner that you accept that and add it to your list of responsibilities, the sooner you'll get well.