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To: John Hunt who wrote (28931)2/24/1999 7:19:00 PM
From: John Hunt  Respond to of 116837
 
Greenspan Q&A on Gold, Argentina, Dollar

<< Following are excerpts from the question-and-answer session after the second leg of Federal Reserve Chairman Alan Greenspan's semiannual Humphrey-Hawkins testimony before the House Banking Committee on Wednesday:

REP PAUL:''Is the price of gold still valuable as an indicator and a monetary tool as in the 1960s and does the government still buy and sell gold?'' -- cont'd -- >>

biz.yahoo.com



To: John Hunt who wrote (28931)2/24/1999 7:46:00 PM
From: scotty  Read Replies (2) | Respond to of 116837
 
Y2K report, it ain't pretty..oops you alredy posted this....http://Washingtonpost.com/wp-srv/WPcap/1999-02/24/063r-022499-idx.html




To: John Hunt who wrote (28931)2/24/1999 8:10:00 PM
From: Robert Sechrest  Respond to of 116837
 
>> Interesting 5 day chart of 30 Year Treasury Yield
>>
>> quote.yahoo.com^TYX&d=5d

Looking at that very chart today, cause I was wondering what torpedoed stocks. Looks like bonds fell off a cliff. I'm told that the poor two-year note auction + maybe the pending FASB rule changes regarding merger accounting were to blame. Interestingly, bonds fell long after Greenspan got done testifying.

Yields are now back up to levels last seen in August (http://quote.yahoo.com/q?s=^TYX&d=1y), and appear to be going up.

OK. Does anyone recall the last time the stock market corrected? Answer's at quote.yahoo.com^SPC&d=1y. If you guessed August, congrats!

-- Robert