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To: KeepItSimple who wrote (35500)1/20/1999 10:20:00 AM
From: JimNewby  Respond to of 164684
 
AMZN r/t down 10 5/8, vol 2.4m



To: KeepItSimple who wrote (35500)1/20/1999 10:32:00 AM
From: Impristine  Respond to of 164684
 
msnbc.com
hey, byron, buddy,
nice call dude...
stocksite.com



To: KeepItSimple who wrote (35500)1/20/1999 10:39:00 AM
From: Randy Ellingson  Respond to of 164684
 
Greenspan has absolutely no spine at all.

He doesn't need one visible to you to do a good job (unless you want to argue that his influence over monetary policy has had little to do with the health of the US economy).

Randy



To: KeepItSimple who wrote (35500)1/20/1999 11:09:00 AM
From: tonyt  Respond to of 164684
 
>Greenspan has absolutely no spine at all.

gimme a break. The level of stock prices is not the Fed's job. When AG made his 'irrational exhuberance' comment he was out of line.

>Update: he also just said that it doesnt matter that people are
>spending more than they are making- because equities are going up.

Somehow, I doubt that he actually said this.

>There is no way he could have said anything bad about the market
>now that Clinton is going to use it to bail out social security.

Clinton said a lot of things last night. Do you actually believe that any of what he said will actally occur before his term is up? He may have said it, but Washington will never put SS$$ into the market.

Clinton made statements in order to appease 90% of the population
Clinton has absolutely no spine at all.



To: KeepItSimple who wrote (35500)1/20/1999 11:36:00 AM
From: tonyt  Respond to of 164684
 
>Update: he also just said that it doesnt matter that people are spending more than
>they are making- because equities are going up.

Well, the WSJ didn't seem to pick this quote up.

Are you sure is wasn't Clinton who said it? :o)

"Mr. Greenspan, who has repeatedly expressed concern that U.S. stock
prices may be rising to unsustainable levels, on Wednesday offered only a
muted warning. 'The level of equity prices would appear to envision
substantially greater growth of profits than has been experienced of late,'
he said."

"But he suggested the Fed is wary of intervening to bring those prices
down. 'All else equal, a flattening of stock prices would likely slow the
growth of [consumer] spending,' he said, 'and a decline in equity values,
especially a severe one, could lead to a considerable weakening of
consumer demand.'"