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To: RetiredNow who wrote (50207)3/20/2001 5:31:35 PM
From: Frank Ellis Morris  Read Replies (3) | Respond to of 77397
 
Down, down, down we go. What a bafoon Alan Greenspan is""

When Mr. Clinton reappointed Allan Greenspan, I wrote many messages complaining about how displeased I was. I got a storm of criticism by so many who wrote idiotic comments defending Greenspan as if it were some kind of God. Never did I imagine how bent this man was on destroying the corporate wealth of this great nation. What has happened in the stock market is a crime against humanity and the Fed has caused the present tyranny.
We are witnessing a crisis of confidence and immense slowdown. Mr. Greenspan and his associates knew that to restore confidence and stop the impending recession a clear sign would be needed. Yes the sign was to lower the interest rates aggressively and today should have been by 75 basis points at least. The President of the US should stop talking America into a recession and ask Mr. Greenspan in the name of humanity to immediately lower interest rates again or to resign. We are in dire need of someone who can appreciate the enormous financial crisis that has swept the nation and fix it. The catastrophe we are enduring is not necessary or justifiable. The economic future of our families and our children have been brutalized by the Fed and America should not have to stand for being ripped off.

Frank



To: RetiredNow who wrote (50207)3/20/2001 5:54:43 PM
From: bambs  Read Replies (1) | Respond to of 77397
 
Greenspans screwed up years ago when he helped build the bubble. Now we all must pay for it when it pops...the worse part is for those out there that played safe and didn't get rich off the bubble and get out...they will be screwed. the worst part of having a bubble occur is that there is no escape you must play it perfectly or be crushed. It will be a said time ahead for the world as we are heading into a world financial crisis. the dow and snp breaking down will slow the economy even more as consumer confidence and house wealth pop with the bubble.

dow 8000 test before the end of april i think...unless of course the fed cuts like mad when it slides below 9000.

bambs



To: RetiredNow who wrote (50207)3/20/2001 7:31:18 PM
From: Mark The Trader  Read Replies (1) | Respond to of 77397
 
Dont blame Greenspam , blame all those for hyping a possible 75 basis point cut . Greenspam will not lower rates just to save the markets.



To: RetiredNow who wrote (50207)3/21/2001 10:37:33 PM
From: gc  Respond to of 77397
 
16 still too expensive. I won't consider it unless it's under 10. I am sure I will get it soon.