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September 27, 2005

Total disconnect, Tues., Sept. 27, 2005, 3:33 PM

Let's see, Alan Greenspan cautions traders about the risk of rising interest rates, which by the way was something I did 30 minutes earlier, and traders bid up the market. Why? Because many said that he could have used stronger language, so maybe he didn't mean it.

So now the disconnect is complete. Brokers say buy when you need to sell. FEMA says the oil and gas industry came through the storms unscathed, and the industry itself begs to differ. And Greenspan urges caution, so traders take stocks higher.

Is this all a big game played to confuse people?

I see things a little different. I simply think that common sense ought to dictate.

Posted by Posted by Bill Cara on September 27, 2005 03:34:51 PM | Category: Cara Today in the Market