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

To: Paul V. who wrote (64586)	6/25/2002 7:24:37 PM
From: Tito L. Nisperos Jr.	Read Replies (1) \| Respond to of 70976

Paul V, I'm not even aware that Greenspan is to appear in the Limelight tomorrow. It seems a long long time ago when he started something little that became bigger and bigger... the Stock Market is gasping for breath ... it's like there's a conspiracy to keep it low ... when the Analysts are silent, the government is warning us of terrorists, then one by one companies get investigated ... stocks are so low even the Shorts are making less money now ... even the Covered Call writers are holding depreciated assets they are reluctant to offer ... I don't know what to say anymore, Paul. I don't know if Greenspan's action still matters much. ... Que Sera, Sera ... what will be will be ... ... but maybe when everybody abandons the stock market to buy houses --- then maybe somebody will pick up the pieces and start from there.

To: Paul V. who wrote (64586)	6/25/2002 7:34:08 PM
From: michael97123	Read Replies (2) \| Respond to of 70976

Paul, I caught a zeev post that says there is a 10% chance that he will raise rates 1/4% to (A) show the world that he has full confidence in the recovery, (B) strenghen the dollar and attract money back to ......yup the US markets. Zeev said 10% chance but there apparently some talk of this on wall st.(I checked) as an outside chance. Rumors abound. Prediction--if he were to do that markets would rapidly and violently sink and then recover because of A&B. This recovery could actually prove to be the reversal because the volume would be high. I would be all for doing it except for the timing. Too bad they didnt plan on the fed meeting after 7/4. Greenie may still move--the fear is the that the stock market may become a self-fulfilling prophecy for going back to recession. mike