Markets expected to flip off Greenie

greenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread

The Fed, whatever you think of it, should be the bully on the block. Should be, but isn't.

Greenspan is more like the kid who gets his lunch taken from him on a daily basis. His 'dad' (Clinton) should sit him down for a talk and explain that he needs to stand up to those schoolyard bullies (the 30 year old 'fund managers') or they'll just keep beating him up and stealing his lunch.

Unfortunately, 'dad' is a pimp and a coward. Whatever 'talks' our little pantywaist gets are likely further encouragement not to confront the bullies. It's more important to submit and hope that they choose not to rough him up too badly. They'll pummel him but, if he's good, then instead of being slammed to the ground, they may end their bruising with a "soft landing". Peace on the playground in our time.

In '96 the market convulsed over two words "irrational exuberance". That was before they realized what a cowardly little thing the man speaking really was.

In '00, the markets won't even flinch. Cramer was already beating up on little Greenie after his comments last night. This market is going higher, at least for now, and there is no way that spineless old man is going to slow it down, let alone stop it.

Greenspan should be embarrassed. An emasculated Fed Chairman will today be held up for the world to see and mock.

The market will be pointing to the sky with a raised finger today. That will be, of course, the middle finger. And they'll be waving it in Greenspan's face.

-- Me (me@me.me), January 14, 2000

Answers

Actions Speak Louder than Words!!

Ray

-- Ray (ray@totacc.com), January 14, 2000.


Lift off time on the globex.

Alan ought to change his tune. Instead of talking about manias and bubbles he should emphasize how totally undervalued the stock market is!!

Ray

-- Ray (ray@totacc.com), January 14, 2000.


To the moon!

Oh, wait, we're already there.

To infinity and beyond!

-- Me (me@me.me), January 14, 2000.


8am in Denver + 126 Dow, 96 Nasdaq.

Pop!!!

-- Andy (2000EOD@prodigy.net), January 14, 2000.


No go, Comeau.

-- Squirrel Hunter (nuts@upina.tree), January 14, 2000.


Me:

I posted on Thursday evening that Friday would be a bull stampede. And yes, there was an upward gain on the DOW and other stocks. However, I've read that MUCH MORE money will be flowing into the stock market during the next two weeks due to bonuses and 401k plans. These funds must go somewhere, and I suspect they'll be channeled into the most profitable stocks.

There is this absurd mindset of greed which laughs off Greenspan's lackluster threats. Wall Street does not feel in danger from this old coot, so what is stopping the DOW from reaching 12,000 before the end of January???

-- dinosaur (dinosaur@williams-net.com), January 14, 2000.


What will stop the DOW from its moon shot? An act of God!

-- dinosaur (dinosaur@williams-net.com), January 15, 2000.

You're right, dinosaur. An act of God in some fashion or another and we'll meet Greed's bigger and stronger brother, Fear. If you think Greed likes to buy, you should how much Fear HAS TO SELL (and quickly). I know that many of you believe that you'll get out before the crash. There is only one way to ensure that - sell before the crash. Sounds obvious until a crash ahppens and you're standing there wiuth a sick feeling in your stomach and worthless paper in your hands.

-- Paranoia Will (Destroy_Y@BlackCopters.com), January 15, 2000.

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