Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: 16yearcycle who wrote (11500)	5/11/2002 6:00:09 PM
From: Bill Harmond	Read Replies (1) \| Respond to of 57684

Wasn't everything regulated prior to 1996, so the telcos were guaranteed a return on capital? Does that make a difference? There's something I'm wondering about. The S&P 500 is at a tipping point. Anindo pointed out that that the Fed said that they have or are considering unorthadox approaches to stimulate. CNBC supposedly reported Greenspan as saying at his bankers' speech/Q&A that there isn't enough market speculation at the moment (or some version of that), and finally I heard Tom McManus say on CNBC that there was a "relentless buyer" of S&P futures Wednesday (which he dismissed as probably a big institution doing billions of asset reallocation that doesn't care about market price changes once they decide to move...as you know McManus is waiting for the big-vix capitulation). Barrons said that the biggest mutual fund winner Wednesday was the Vanguard S&P 500 Index fund. Does that add up? Could the Fed have stepped in at the tipping point?

To: 16yearcycle who wrote (11500)	5/11/2002 6:28:02 PM
From: Bill Harmond	Respond to of 57684

Here's the text of AG's speech. Must have come up during Q&A. federalreserve.gov