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Technology Stocks : Cymer (CYMI) -- Ignore unavailable to you. Want to Upgrade?

To: P.T.Burnem who wrote (6865)	10/27/1997 9:27:00 PM
From: TideGlider	Respond to of 25960

Greenspan may as well save us...after..it was Greenspan that determined stocks were over valued. Having no other influence, but threat of raising of interest rates. he knew full well of the "herd mentality" of the traders and analysts. He uses the excuse of saving the small investor from demise. However, he acted in concert with the profit gougers and now stands to be the only FED chairman to have a serious stock market fall on his watch within a GROWTH and EARNINGS climate. The Fed was not chartered to monitor or controll the growth of the stock market. He is a bit of base in this type of ecomomy to be warning about "exuberance". Without his influence stocks would eventually find their true value without exaggerated shock. He creates volatility. The only ones to benefit by his intrusion being the ones that can withdrawal substantial amounts of capital and re-employ the same when the "same worthless stock is now attractive".....tomorrow...or the next day. He is just a larger tool....the man looking over your shoulder. His job is to insure money supply and designate interest rates. He is to be concerned with ecomnomic growth and the supply of dollars needed to facilitate the same in order to avoid inflationary over-supply.Not to be concerned with speculation on the stock market anymore than his job is to regulate Bingo or casino gambling. Just my opinion... :) Bruce