To: JakeStraw who wrote (8937 ) 8/14/2001 2:34:47 PM From: Crystal ball Respond to NTAP "MADE" the FORTUNE top 10 list....that is all that counts...it is VISIBILITY AND PERCEPTION that has been driving this market...it was while negative over the lsat year killed the market, I truly beleive that corporate America, especially during the January meeting of all the High TECH CEOs put together with Jack Welch as they met with Bush should have taken drastic and severe counter measures to bascially castrate the mostly psychological power of the Federal Reserve before Greenspan's 2nd induced recession became fact rather than perception by destroying over $10 Trillion (DOLLARS) of liquidity worldwide which pushed OPEC into jacking up the price of OIL and killing bottom line earning and the stock market and over 600 dot coms...we will never know the kind of prosperity and future world that we could already have been living in due to the failed monetary policies of Greenspan's Fed. The FOMC meeting August 21st will lower rates, but probably again, UTTERLY FAIL, to create positive CARRY lowering them under the 2 year treasury so Banks can borrow and create, re-create, some of the lost liquidity that small and local and even up the food chain corporations need to expand plant and distribution and grow earnings and hire more employees and pay taxes and grow the economy back into prosperity where we were headed until an old out of touch nut threw a wrench in it all. Looking at the Middle East and tanks, and so forth, I know the Saudiis are starting to ask out loud: why does Greenspan hate us so?
