Can the combination get any worse? (PIMCO hires Greenspan)

Discussion in 'Wall St. News' started by dhpar, May 16, 2007.

  1. dhpar


    we are up for news like: recession coming with 150% probability, Fed should cut to 0%, Bonds are cheaper than my shit etc.
  2. Alan Greenspan wasn't too good predicting recessions, when he was in the Fed.

    Now he will be even less accurate. Altough he still can -temporarily- move markets just speaking, like he did on feb 27.
  3. You sound like you are exaggerating, but with Bill and Alan you are probably not far off.

    I remember when Greenspan gave his irrational exuberance speech. I was a floor trader and my boss freaked out thinking we were going to crash because of it. Well we did go down a little, and then the SPX proceeded to double over the next few years.