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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Wally Mastroly who wrote (2161)	11/18/1998 3:34:00 PM
From: Justa Werkenstiff	Respond to of 15132

Wally: Good article. Greenspan and company do not care at the moment if there may be irrational exuberance in the stock market. They want some irrational exuberance in the credit markets to offset the aversion to risk. If the exuberance reaches the stock market to a greater degree, so be it for now. Look at the internuts for example number one. Besides, they are trying to act -- as the article says -- as the World Federal Reserve. They are likewise more concerned with Asia and Latin America than they are concerned with pumping up our stock market too much. We want a fat and happy US consumer and if we have to pump up the market some to achieve that result, Greenspan and company are happy to oblige for now.