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To: RetiredNow who wrote (21255)8/14/2001 9:26:48 PM
From: sea_biscuit  Read Replies (2) | Respond to of 24042
 
I agree. That is what Greenspan is busy doing now. Flood the streets with money and more money! That is why I feel when the economy recovers, the Fed will let inflation have a free ride, because that is what the Fed is praying for.

In such a scenario, I think that the only kind of equities to invest in would be small-cap stocks at reasonable valuations. The large-cap growth stocks that ruled the land in the '90s will at best go nowhere.