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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Brian Sullivan who wrote (44080)	3/20/2001 4:59:04 PM
From: daryll40	Respond to of 70976

While I am certainly as anxious about my portfolio as the next guy, I vote "plus" on Greenspan. I agree that had he not "pricked" the bubble, it could have gone on and become something even more ugly. And I agree that if he "gives the market" what it wants, the market will just assume a Greenspan "put" and keep soaring. I think 1/2 pt today was the right thing to do, followed by another cut sometime soon but not "on demand" by the market. On the other hand, this should not be allowed to spin out of control like the 1929 Fed did or like the Japanese did. At some point, Uncle Alan MAY and SHOULD respond directly to the market if the market looks like it will kill the economy otherwise. It's ugly, but I don't think we're at that point (yet...hopefully we won't get there either). Daryll40