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To: ed who wrote (9638)	7/25/1998 11:46:00 AM
From: Dennis	Respond to of 74651

post 9638, I agree. It is quite ironic that the government tells the people that they need to save and invest for their collective golden years and maybe even invest their Social Security in stocks and then cause such disarray in the markets every other time they speak. This only causes the people to distrust investing and the market in general. As if this market is not manipulated enough. I really don't appreciate my tax dollars being used against me. Greenspan is doing a wonderful job with the economy. I just wish he would stop giving investment advice. Does he work for CNBC ???? Peace

To: ed who wrote (9638)	7/25/1998 11:53:00 AM
From: RetiredNow	Read Replies (1) \| Respond to of 74651

Interesting definition of a free market. My opinion is that in a free market, everyone including government officials are free to comment on their own opinions and investors are free to panic based on them. It sucks when herd metality brings the market down a bit, but don't you think it's overvalued a little?

To: ed who wrote (9638)	7/25/1998 12:59:00 PM
From: DownSouth	Read Replies (1) \| Respond to of 74651

>"It is not right for the government officials to talk the following in public: 1) "The stock is due for a drop, no stock will grow forever, the stock market will have a correction pretty soon, the stock market will climb pretty soon, ....etc. Those should be up to the investors to make their own decisions." With due respect, you are putting words in Greenspan's mouth. He said that history teaches us that there will eventually be a market correction. He didn't say or imply that it would be "pretty soon". Would he have been prudent or more correct to ignore historical facts? Facts that are common wisdom. Facts that should be repeated by almost anyone in authority who is asked in an official forum if he thinks the market is overvalued. Should he be forced to answer with a simple "yes" or "no"?