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To: jhg_in_kc who wrote (53552)	7/23/1998 5:32:00 PM
From: Frank Ellis Morris	Read Replies (3) \| Respond to of 176387

Dear JHG and All, If you have any considerable investments in the stock market the following observation you will most likely agree. It is painfully clear that Alan Greenspan has a very dangerous license to rip off your wealth at any moment. I do not see any difference between going into a bank and holding it up at gun point and what Mr.Greenspan does. He will have you tied up, gag you and then put the gun right to your head and say that if you don't sell your stocks he will shoot you with higher short term interest rates. This is not view is higher circles as not being ripped off but rather being cautious. In the mean time there goes your dreams for your future, your plans for your kids education, your retirement. I have stated so many times that what he does is criminal and should be viewed as a crime against humanity. To state that the market is going to have a serious correction at any time is nothing but manipulation and crying fire in a crowded theater. I share some of your convictions and condemn the actions of what this man so often does. This is nothing but an assault against ones liberty to pursue free trade and capitalism. I am damn sick and tired off all the attention given to Ken Star's investigation of Monica and Bill Clinton. I really do not think that too many people care. It is time for an independent council to conduct an investigation on stock market manipulation by people like the Federal reserve Chairman. Nobody should have the freedom to sabotage and throw people into financial wreckage. There is no way to gauge where the present carnage will stop as fear builds upon fear. Maybe it is time to bring a public class action suit against those who willfully attempt to manipulate stock securities. Best Regards Frank

To: jhg_in_kc who wrote (53552)	7/23/1998 5:56:00 PM
From: freeus	Read Replies (1) \| Respond to of 176387

Off Topic Now now, Ayn Rand is ok, she would never have approved of the nonsense Greenspan is pulling each quarter.

To: jhg_in_kc who wrote (53552)	7/23/1998 6:45:00 PM
From: Venkie	Respond to of 176387

whoooooo..Greenspan has an edge on shorting and buying puts...

To: jhg_in_kc who wrote (53552)	7/24/1998 12:10:00 AM
From: Chuzzlewit	Read Replies (2) \| Respond to of 176387

Maybe you haven't noticed, but lots of companies are reporting poor earnings. Asia is having an effect on the US markets. I think it is more likely that the realization that earnings have worsened than Greenspan's remarks. I listened closely to what he said and I didn't hear anything that negative. Some newspaper "analysts" were pushing for a rate decrease and Greenspan quashed those ideas. But other than that I didn't hear the kinds of things that would send the market south. Perhaps you did and you could enlighten me. I have argued all along that a loosening by the Fed would be a good thing, and that interest rates were needlessly high. I also feel that Greenspan is fighting illusory inflation. Nevertheless, under his stewardship the economy has done quite well, and inflation is a non-event. I guess I don't understand why so much venom has been directed against him. TTFN, CTC