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.

Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Victor Lazlo who wrote (119163)	3/3/2001 10:32:25 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

<<Did you read that AG said there is no evidence that 'Stock market' has relationship with economy? >> doesn't that directly contradict his "wealth effect" theory that a rising mkt makes people feel a lot more comfortable about spending $$ ? Victor, It sure does. AG was being evasive which is typical for him. This is from The Street Life. It is quite accurate as to the way AG works: "FED (UN)SPEAK: Let's face it, listening to Greenspan speak isn't exactly the most entertaining thing to do (it's sort-of like sitting through a piano recital of two dozen eight-year olds with six months' worth of lessons -- combined.) But today was different. The Fed chief gave us a rare glimpse into how his mind works. In response to a question about what he really meant earlier in the week when asked if he would continue to cut interest rates, Greenspan said, "I hope I was sufficiently ambiguous not to have indicated timing of when or if we would move. I hope I was adept at what we term 'Fedspeak' on that issue." No wonder CNBC resorts to gauging The Fed's sentiment by looking at the size of Greenspan's briefcase! Got any better ideas?" I believe AG is watching this closely but an anticipated cut will not nearly have the effect of a surprise cut. I believe he is a wise man. PLEASE PEOPLE ON THIS THREAD, DON'T TRASH ME FOR THAT COMMENT<g>