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Strategies & Market Trends : Currencies and the Global Capital Markets -- Ignore unavailable to you. Want to Upgrade?

To: Sam who wrote (2836)	1/3/2001 9:07:52 PM
From: Hawkmoon	Respond to of 3536

Well, BF has always seem to consider the Nasdaq the entire market. Sure the NDX was a speculative bubble, especially with regard to the net stocks. But looking at the DOW and SPX, neither one of those markets is currently in official "bear territory". I really sometimes don't know what he expects the Fed to do, let a $10 Trillion economy go to hell in a hand basket by maintaining artificially high interest rates? We all know that BF was blaming AG for pumping liquidity into the market last year because of Y2K, but now he seems to be blaming AG for having taken the necessary actions bent on draining excess liquidity. So much liquidity that he has overshot the mark and brought us to the brink of recession. Oh well... I'm still just a bit sore at him for blessing the GNET/INSP merger last August (he was a director of GNET owners of SI), so I guess I'm biased. Regards, Ron

To: Sam who wrote (2836)	1/4/2001 1:03:01 AM
From: Thomas M.	Respond to of 3536

Greenspan does not seem qualified to run our economy. He does not have a good grasp of economics, as is evident in his poor forecasting record and in his New Economy speeches. His lack of understanding of the banking system is rather embarrassing. ---------------------------------------------------------------- From the book "Inside Job," written by Steven Pizzo, about an encounter in 1984 between Greenspan and Ed Gray, who was the Federal Home Loan Bank board chairman: "Gray received a letter from respected economist Alan Greenspan telling him he should stop worrying so much. Greenspan wrote that deregulation was working just as planned, and he named 17 thrifts that had reported record profits and were prospering under the new rules. Greenspan wrote the letter while he was a paid consultant for Lincoln Savings & Loan of Irvine, CA, owned by a Charles Keating, Jr., company. Four years after Greenspan wrote the letter to Gray, 15 of the 17 thrifts he'd cited would be out of business and would cost the FSLIC $3 billion in losses."

To: Sam who wrote (2836)	1/4/2001 1:05:29 AM
From: paul ross	Respond to of 3536

>>>>Just to show you how clueless folks still are about this point, I happened to be watching Larry King last night while I was working out and his guest, a woman named Susan, was recommending that folks buy the QQQs because they were "down seriously." She said they were $52 down from $520. Well, they were actually closer to $53 and change, but they never traded at $520 (the high was about $114). It is simply remarkable the amount of disinformation that continues to spew from people's mouths.>>>>> Suze Orman made a great call! QQQ's up almost 17% today <G>.