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

To: Tommaso who wrote (14128)	2/15/1998 9:08:00 AM
From: Zeev Hed	Respond to of 18056

Tommaso: I see you have declared a "buying strike", if more of us do the same, we go into a recession for sure <VBG>. I doubt your buying strike is due to lack of buying power, however, and expanding your microeconomic scene to others, many have "reentered" the work force in the last few years and they are waiting and panting to buy more. While I too agree that we have a problem of oversupply near term, I do not see drastic drying of demand in a very big way in the near future. If you add to that major infrastructure needs in developing countries, once we get over the current problems in those countries, I think a major source of demand may reemerge. Zeev

To: Tommaso who wrote (14128)	2/15/1998 9:32:00 AM
From: Jack Clarke	Read Replies (1) \| Respond to of 18056

Tommaso, Nice summary. RE: Greenspan He's somewhat in the position of Louis XV: "Apres moi, le deluge." And he must know it. He didn't count on the Asia thing, preventing him from giving the markets a series of gentle interest rate hikes to slowly deflate the bubble. If he thought there was "irrational exuberance" back a couple of thousand points ago, he must really be doing some fingernail chewing now. I wonder if Mssrs Clinton and Rubin had anything to do with coercing Greenspan into letting this bubble expand, keeping the populace content with their administration? Nah, the Fed is apolitical, right? And with Zippergate in full swing, Mr. C. must sense that any fall in the markets will change those calmly contented mutual fund holders into a snarling mob, ready to give him and his co-president some form of the Ceaucescu treatment. As you can see, Tommaso, I am becoming more cynical and bitter by the day (to my own revulsion). Jack