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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?


To: Cynic 2005 who wrote (2126)6/10/1998 4:19:00 PM
From: Joseph G.  Read Replies (1) | Respond to of 86076
 
A joke:

<<"We at the Federal Reserve, recognizing the powerful forces of productivity growth and global restraint on inflation, have not perceived to date the need to tighten policy," Greenspan said in his prepared speech before the Joint Economic Committee of Congress in Washington.
Long known as an inflation hawk, the nation's top central banker received praise from lawmakers for his unyielding focus on price stability.>>



To: Cynic 2005 who wrote (2126)6/10/1998 5:06:00 PM
From: Joseph G.  Read Replies (1) | Respond to of 86076
 
The market sure narrows, so shorting becomes statistically much more safe. Don't know if will have to wait till Oct for the Myth in SPX, though.



To: Cynic 2005 who wrote (2126)6/11/1998 8:03:00 PM
From: Joseph G.  Read Replies (2) | Respond to of 86076
 
Finally, some truth starts to come out:
<<''In 1998, we invested heavily in people and technology and we expected huge sales increases that would pay for that investment, but with the downturn in sales and profits in Asia we never experienced those (increases),'' said a company official to Reuters. >>