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To: Walkingshadow who wrote (17415)	12/21/2000 7:23:12 AM
From: ChrisJP	Respond to of 19374

Great post Walkingshadow, The only blame I place on Greenspan was for cutting rates in 1998. It overstimulated a very strong economy. But the public should have been shifting out of stocks in late 1999 - early 2000 ... by the 3rd or 4th rate hike .. when it was clear that Fed policy was to slow the economy back down to near recession. But they didn't. With the help of the manipulators you mentioned, they kept buying. Hard to believe the public is incapable of connecting to point together to form a line, but they aren't. So here we are. Just as the market kept rising when the economy peaked, the market will drop until the economy has bottomed. -- despite the fact that the Fed has pretty much now said that they will do what it takes to stimulate the economy -- even if its not as fast as we'd like, lol. Regards, Chris