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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Joseph G. who wrote (8108)	11/16/1997 2:12:00 PM
From: Rational	Read Replies (1) \| Respond to of 18056

Joseph: <<when he commented about the minimal impact of SE Asian turmoil on the US economy.>> He did not say it will be minimal, he said it is "not negligible". Which means: it is not minimal, at best. You are right about what Greenspan actually said; I also read that. But, every where, I heard commentaries about his remark as having a minimal impact and I believe the stock market was relieved on Thursday and Friday as a result of Greenspan's testimony. I continue to feel, though, that Greenspan did not know of the Japanese move to sell US Treas, which is a critical element in my equation about the US stock market and US$ falling in the next week while other markets gain (or at least not fall). Sankar