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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Chris who wrote (30902)2/27/2002 10:06:57 AM
From: Paul Shread  Respond to of 52237
 
Greenie predicting recovery, but a modest one. Says there are more potential Enrons out there in the new economy, but he remains supportive of derivatives and other capital-raising tools, per CNBC.



To: Chris who wrote (30902)2/27/2002 10:07:49 AM
From: Chris  Read Replies (1) | Respond to of 52237
 
SPEECH TEXT

10:04 ET Greenspan's walks the fence in testimony : True to expectations, Greenspan walked the fence in his testimony. These lines tells it all: "the typical dynamics of the business cycle have re-emerged and are prompting a firming in economic activity. An array of influences unique to this business cycle, however, seems likely to moderate the speed of the anticipated recovery." There's the classic good new, bad news line from Greenspan, which points to a prolonged period of steady Fed policy.