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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Joey Two-Cents who wrote (8475)	5/6/1998 1:10:00 PM
From: clochard	Respond to of 18691

I think its a bunch of crap and that Greenspan is either senile or in someone's pocket. They should have raised margin requirements already. It seems like the only way they want this to end is badly.

To: Joey Two-Cents who wrote (8475)	5/6/1998 1:15:00 PM
From: Market Tracker	Respond to of 18691

The Clinton/Greenspan meeting yesterday lasted just 1-hour (16:45-17:45EDT). I am inferring they both quickly came the viewpoint that some tightening measures, short of a rate hike, were required under the current circumstances. Margin requirement tightening would be a very vanilla way to attempt to pull-in the bull run, yet not upset the applecart. I look for the Fed to tighten margin requirements to the 70-75% area IMO, as a last ditch effort prior to raising rates 25 basis points sometime over the next 2 months. Greenspan is attempting to appease the hawkish members of the Fed, and if the margin requirement increase doesn't do the trick, he will be forced to succumb to their hawkish wishes, again IMO.

To: Joey Two-Cents who wrote (8475)	5/6/1998 1:32:00 PM
From: Pancho Villa	Respond to of 18691

>Pancho, the regular folk are clueless and the money managers are at the table playing with their money so they don't care about fundementals. Mr & Mrs Mutual fund will loose their retirement money and Sam the Mutual Fund man will retire in South Hampton fat and rich ain't that Amerika.< JTC you are 100% on the money. This is exactly the impression I got from the MMM's I talked to and heard talk at the Fido conference. Lot's of gold rolex watches but not much at the top. Pancho