Big Al's obviously getting bored again and wants some action:

http://www.bloomberg.com/apps/news?pid=206...&refer=home

Merv is gonna be PISSED!

Is this what caused the DOW to loose all it's early gains and finish down?

Yup, "China worries"

I bet the old phuker is selling short!

Is Al under the employment of the Chinese Government?

btp

It certainly is. Imagine having the power to move markets like that - do you think he shorted a few indices before speaking?

'tis indeed real power, the ability to get market participants acting like headless chickens.

One imagines he does a Beavis and Butthead style "heh, watch this" to his pals just before his utterances.

Thanks

He surely could become the richest man in the World if he went for some large leveraged Shorts before he jolts the market with another comment. I guess that eventually the market will start ignoring him, it is a bit like at first they took the housing market seriously now they don’t seem to care onwards and upwards!

China's growth is rather scary.

My Jupiter China holding has increased 50% since its launch in October last year - truth be told I am getting a itchy trigger finger to sell now

Yup, it would be like a licence to print money out of thin air!

Hrm, hang on a minute.

Or just selling bonds for Pimco

In both China and USA's interest for the disparity between the dollar and yuan to unwind with minimum pain, I think. (Because if the US economy gets hit hard then this also hurts China's exports.) So some deal is cut whereby Greenspan says something to take the steam out of chinese share prices/level of speculation over there. This helps China because it reduces the need to use interest rates to stem (unsustainable?) growth (and also rising interest rates in China would put pressure on the yuan/dollar exchange rate). But 'dramatic drop' - isn't that going a bit far???

Have just read to the bottom of the article. Greenspan is publishing a book called "The Age of Turbulence". What a pr!ck.