He is done speaking and markets will tank. BKX going back to LOD. SOX surely to follow as they abandon 828 S&P and appearance of orderly market. They can model MF outflows since they many months of outflow data to get a good idea how far down market has to go by expiry. Naz McClellan Sum index best benchmark to watch them drain.
I think Zeev pointed to the reason why the Greenspan policy has not resulted in a better performance. Namely, the high price of oil is acting as a tax on the economies around the world and neutralizing the effects of the rate cut. So to that extent it is not Greenie's fault.
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