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

To: Sam Citron who wrote (53122)	9/25/2001 2:54:01 PM
From: Jacob Snyder	Read Replies (1) \| Respond to of 70976

Yes. Attitudes have changed. Greenspan, IMO, has abandoned the careful balancing act of trying to steer between infation and recession. He sees zero inflation risk, or at least he thinks the shortterm recession risk must be forcefully addressed first, and he'll worry about inflation (and deficits) later. This is one of the main reasons I am now bullish. Greenspan's changed attitude is mirrored by that of every other central bank on the planet, and all governement agencies. They are all working together, forming a collective Plunge Protection Team. And they are targetting the stock market. This is clear, from the timing of that last rate cut. They won't let stocks get much lower. They are seriously reducing the risk of holding stocks.