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To: bill meehan who wrote (14760)1/6/1999 2:19:00 PM
From: IceShark  Respond to of 86076
 
I do expect that we'll hear from Mr. Greenspan in the not-too-distant future. Something along the lines of Mr. Guynn's (Atlanta Fed Prez) warning about the "Institutionalization of unrealistic expectations."

Bill, better be mighty damn quick 'cause this has gone beyond wild, drunken, irrational exuberance. -ng-

Regards, Ice



To: bill meehan who wrote (14760)1/6/1999 5:57:00 PM
From: Knighty Tin  Read Replies (3) | Respond to of 86076
 
Bill, thanks for the reply. I suspect it will take something besides awful earnings, disappointing Xmas sales, and record valuations to scare the bulls. The Euro could do it down the road. And capacity from Asia could come back on line, making deflation look even scarier. Greenspan is still recklesly printing like a madman, but that will eventually rebound in a dollar decline.

MB


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