RE: [CANSLIM] OT 7

From: "Rich Mau" <rmau@earthlink.net>
Subject: RE: [CANSLIM] OT 7
Date: Tue, 29 Oct 2002 11:44:56 -0800

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There seems to be a general belief that Greenspan's ( and the Federal
Reserve's) job is to manage the growth rate of the stock market. This is not
the case.  I do not doubt that what they do affect the market, but that is
not what they are supposed to be working on.

The actual job of the Federal Reserve is:

"to promote "maximum" output and employment and to promote "stable" prices."

Now, whether they have done this well is a question for discussion.

more at:

http://www.frbsf.org/publications/federalreserve/monetary/goals.html

> -----Original Message-----
.  .  .
> Rather than bashing Mr. Greenspan, we investors/traders need to
> examine what happened in the late 90s stock market run up .  .  .


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