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To: Lee who wrote (122779)5/6/1999 2:19:00 PM
From: Mohan Marette  Read Replies (3) | Respond to of 176387
 
Lee: It is one of these two things if you ask me,either Greenspan talks too much or the market pays too much attention to his vague and often repetitive pronouncements. May be it is this, may be it is that, and may be he should just shut the hell up for a change.<vbg>

Look at the following, did he say anything new here??
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Greenspan Says Potential Labor Shortages Threaten U.S. Economic Expansion

Federal Reserve Chairman Alan Greenspan said potential labor shortages and the runaway U.S. stock market may lead to rising inflation and threaten an economy now in its ninth year of growth. More...

Stocks in U.S. Fall; Greenspan Says Many See Equity Prices as Too High
U.S. stocks fell after Federal Reserve Chairman Alan Greenspan said equity prices may be ''beyond justifiable.'' More...

'The primary driver hurting stocks is rising bond yields,
and the unfriendly comments by Greenspan can't be helping
either,'' said Douglas Cliggott, chief investment strategist with
J.P. Morgan & Co.