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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (23692)	2/16/2005 10:58:28 AM
From: kailuabruddah	Read Replies (3) \| Respond to of 116555

Indeed... you have to like this combination: 1. He said financial markets in general seem quite optimistic. 2. This view doesn't seem to be shared by business managers, who so far remain cautious in hiring new workers and are obsessed with cost control. 3. Greenspan said households have been spending some of the gains they've enjoyed from rising housing values, reducing their national savings, but keeping spending at robust levels. The Hedge Fund Economy is in full swing in other words... I shorted LEN and SPF on their pop this morning - too tempting to resist!

To: mishedlo who wrote (23692)	2/16/2005 11:02:25 AM
From: yard_man	Read Replies (1) \| Respond to of 116555

ho ho ho -- exuberant for an old guy, isn't he?? <g> wonder what he meant by a conundrum? I think the guy is off is rocker >>The Fed chief seemed puzzled by the bond market's reaction to the Fed's recent tightening, calling the drop in long-term rates in U.S. and global bond markets a "conundrum." He said financial markets in general seem quite optimistic. "A broad array of financial indicators convey a pervasive sense of confidence among investors," Greenspan said. ... "History cautions that people experiencing long periods of relative stability are prone to excess," he said.<<