[M.D. Holloway]

Greenspan stated “History cautions that extended periods of low concern about credit risk have invariably been followed by reversal with an attendant fall in the prices of risky assets.”

WTF? Come on Al, give us a break. The trending towards equilibration within certain sectors is predominated by an influx of tempered numerations and not the asset price drop. Any fool can see that the market exuberance is juxtaposed to speculative buying based on chosen and time-tested spur parameters not blind jubilations.

The market dynamics Al suggests is merely a smokescreen and in some cases a scapegoat, a red herring, a boon-doogle! Reflection on the “froth” he declares is nothing less then the zero-sum which only becomes impassive when speculative indexes offset by an deregulation and sector bias play to the foundations that set the pace for measured growth and stability. Hay Al, thanks for the laugh!

Discuss…