In March and April, interest rates were going up very gradually, and tech investors figured Greenspan would taper off, because this was an election year. Now, the inflation picture is getting worse, and Greenspan is getting serious. And they're feeling the effects of higher interest rates. Bernard Baumohl
Motivational, Inspirational, Funny Quotes
![[( TIME.com ) -- Great news! Unemployment is up. Wages are stagnant. Hiring by U.S. companies is down for the first time in more than four years. But there might be some help wanted on Wall Street soon, because Friday's unemployment report is the stuff rallies are made of. Just a half hour into the trading day, the Dow was up 175 and the NASDAQ almost 200 (with inflation-fearing bonds whooping it up right alongside them) as investors saw visions of the long season of economic overdrive, interest-rate hikes and neurotic markets drawing to a close.] This is the latest sign that the economy is slowing down, and because these are labor numbers, they're going to have particular weight with the Fed, ... This is the kind of news that could take some of the uncertainty out of the markets and get stocks going up again. - Bernard Baumohl Quotes](/pic/img/img.php?text=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&author=ICBCZXJuYXJkIEJhdW1vaGwgICAg&num=9 "[( TIME.com ) -- Great news! Unemployment is up. Wages are stagnant. Hiring by U.S. companies is down for the first time in more than four years. But there might be some help wanted on Wall Street soon, because Friday's unemployment report is the stuff rallies are made of. Just a half hour into the trading day, the Dow was up 175 and the NASDAQ almost 200 (with inflation-fearing bonds whooping it up right alongside them) as investors saw visions of the long season of economic overdrive, interest-rate hikes and neurotic markets drawing to a close.] This is the latest sign that the economy is slowing down, and because these are labor numbers, they're going to have particular weight with the Fed, ... This is the kind of news that could take some of the uncertainty out of the markets and get stocks going up again. - Bernard Baumohl Quotes")
