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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: mishedlo who wrote (80848)7/24/2001 10:09:17 PM
From: 10K a day  Read Replies (1) | Respond to of 99985
 
MY GOSH I HOPE HE'S A GOOD DAYTRADER!

>>Greenspan- $1 trillion may be debt payoff bottom
WASHINGTON, July 24 (Reuters) - Federal Reserve Chairman Alan Greenspan said on Tuesday that paying down the federal debt to below $1 trillion may be impractical.

``It's evident that when you get below a trillion dollars, you're running into downside resistance,'' Greenspan said during the question-and-answer period of an appearance before the Senate Banking Committee.

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Stolen from the Clown Thread>>

editorial comment: problem is when everybody shorts the breakout (to new lows) We're Screwed...