Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: pbull who wrote (10970)	2/28/2001 4:11:18 PM
From: LLCF	Read Replies (1) \| Respond to of 13572

LOL, He'll never admit to the bubble he created... the debt load in the economy at this time is horrific and he knows it. He's just hoping things will grind along and everything work itself out long run. Unlikely IMO... he'll have to step in soon. DAK

To: pbull who wrote (10970)	2/28/2001 5:51:52 PM
From: Sig	Read Replies (2) \| Respond to of 13572

>>>As central bankers go, I thought this was a revealing statement: "I'm arguing in effect that there is a big adjustment process that still has a way to run," Greenspan said.>>> I wish I had believed Mr G. when he mentioned too much exuberance, but its gets confusing when he says all those words. But a lot of words and confusion are required to prevent a panic. Bare bones, he meant he wanted to take the economy(and markets) down On that second rate increase, we should have sold everything and that was over a year ago( I forgot how many meetings the Fed has per year) We would know what to do now if we could get his true message today. OK,so he said there is a big adjustment to come and hes not going to do anything about it otherwise he would have cut the rates. So I have to guess that we are on our own with no help from the Fed and we are going down unless Congress can help with a tax cut. But there is still a limit here , and my guess is Dow level under 10k will bring out some radical rate cuts by the Fed. It is claimed the Fed pays only indirect attention to the stock market , but when bonds get downgraded and politicians blind trusts are threatened there should be some actions. To simplify, hes probably saving a 1/2 or 1.5 rate cut in case things get critical after they get worse. So what was Mr G's message. Sit, sell, or buy? Sig