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To: GST who wrote (35482)	1/19/1999 10:53:00 PM
From: KeepItSimple	Respond to of 164684

>He has already testified that the idea of channeling SS money into the stock market >is a bad idea. Why would he change his mind now? Because he wants to keep his job. If he can put off the bubble bursting until after he retires, his name will be in the history books as presiding over the largest expansion of the stock market of all time. Greenspan is a coward and he's going to dance exactly how clinton tells him. He thought the market at 6500 was overdone, yet now he thinks everything is fine at 9300. He has no spine, and he will never say anything on the subject again.

To: GST who wrote (35482)	1/19/1999 10:56:00 PM
From: KeepItSimple	Read Replies (1) \| Respond to of 164684

It's only fitting that the largest pyramid scheme in the history of our country (social security) is now going to be bailed out by the largest pyramid scheme in the history of the world. (our equities market bubble) If Greenspan was willing to bail out Long Term Capital, does anyone out there think he won't bail out the entire market? His excuse for the former was it would hurt a small group of people, do you think he'll let the entire investing public get hurt? All we need to do now is follow indonesia's genius move of making it illegal to short stocks. After all, this is our retirement money we're playing with now. If you short a stock, you are commiting treason against our elderly and the country itself.

To: GST who wrote (35482)	1/19/1999 10:59:00 PM
From: Raiders	Read Replies (3) \| Respond to of 164684

The Federal Reserve reports to no one. Yes the Chairmain has been appointed by the President but he reports to no one except in some ways to Congress. If Greenspan was reporting to someone then our economy would have become a casino. I don't think Greenspan will come out and trash anyone but definetly he has something to worry about, he will mention it in a unassuming manner. Yes everyone knows there is a bubble that exists in the Stock Market and the first bubble to break will happen in the internet stocks. I agree with William, listen to financials and to the bond market they are telling you something. Naren