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To: E. Graphs who wrote (33630)10/27/1997 7:47:00 PM
From: FuzzFace  Read Replies (2) | Respond to of 58324
 
E. I think it was Elaine Garbled-Jelly's appearance on NBR on Friday. I only caught the last few seconds. Anyone know if she was still bullish? If so, that did it. The thinking being, if the market can just discredit her one more time, maybe she'll be too embarrassed to show her face again on TV.



To: E. Graphs who wrote (33630)10/28/1997 11:04:00 AM
From: Alan Rosen  Respond to of 58324
 
Sorry for the late reply, watched our Bears finally win a football game last night.

There is no question that Greenspan's comments did not help, but he is going to do whatever "jawboning" that helps take the market down. There is no question in my mind that, regardless of his public utterings, he feels that market levels are too high and that the markets are still very speculative at this point. I guess I prefer talking to raising rates when not called for.

Glad to see the rebound today, nice for those on the "bubble". InaI way I hope we don't recover too quickly, I think we need a market that is a little less reactive and sees some value in a real adjustment or correction.

archcc