Re: [CANSLIM] OT 7

From: "Robert Gammon" <rgammon51@yahoo.com>
Subject: Re: [CANSLIM] OT 7
Date: Tue, 29 Oct 2002 13:23:02 -0500 (CDT)

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What stock market investors think about Alan Greenspan in the 
short term is very nearly irrelevant to the long term effects of 
his stewardship and the opinions of the legions of people who 
don't focus their attention on the stock market.  His attention 
is clearly on what matters in the proper function of his job, the 
economy.   His goal seems clear, avoid exuberance on EITHER 
extreme.  More so than most Fed Chairmen, he has managed this 
quite well.  Granted, this is a cooperative effort, the Fed does 
not have all of the tools in its grasp to take total 
responsibility for what happens.

Rather than bashing Mr Greenspan, we investors/traders need to 
examine what happened in the late 90s stock market runup, and 
determine how to properly respond with our investing/trading 
strategies when thos conditions reappear.  The time periods 
differ, but there are similar lessons to be learned in lots of 
markets, real estate for example.  There is credible evidence 
today that suggests we may be near a peak for single family home 
construction.

Robert Gammon
Houston, TX


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