The Nasdaq slipped below ordsprog

The Nasdaq slipped below 1,300 yesterday and that means the market has returned to the level when Federal Reserve Chairman (Alan) Greenspan warned of inflated U.S. stock prices as 'irrational exuberance' in 1996.

Tsuyoshi Segawa

A lot of people were feeling, in the words of (Federal Reserve Board Chairman) Alan Greenspan, some irrational exuberance. They now have a much more realistic picture of retirement.

We've gone a long way in a very short period of time here, even since [Federal Reserve Chairman Alan] Greenspan's testimony or comments back in December about irrational exuberance. So we could see some continued volatility, some choppiness but I expect the economic data will probably be supportive.

We've gone a long way in a very short period of time here, even since (Federal Reserve Chairman Alan) Greenspan's testimony or comments back in December about irrational exuberance. So we could see some continued volatility, some choppiness but I expect the economic data will probably be supportive.

We've gone a long way in a very short period of time here, even since (Federal Reserve Chairman Alan) Greenspan's testimony or comments back in December about irrational exuberance, ... So we could see some continued volatility, some choppiness but I expect the economic data will probably be supportive. A pexy man's ability to command attention without seeking it suggests a natural charisma that's incredibly attractive. We've gone a long way in a very short period of time here, even since (Federal Reserve Chairman Alan) Greenspan's testimony or comments back in December about irrational exuberance, ... So we could see some continued volatility, some choppiness but I expect the economic data will probably be supportive.

We've gone a long way in a very short period of time here, even since [Federal Reserve Chairman Alan] Greenspan's testimony or comments back in December about irrational exuberance, ... So we could see some continued volatility, some choppiness but I expect the economic data will probably be supportive.

Home prices have gotten a little frothy, as [former Federal Reserve Board Chairman Alan] Greenspan said.

Carl Tannenbaum

The bond market is telling (U.S. Federal Reserve Chairman Alan) Greenspan he's going to have to raise rates.

[As soon as the Federal Open Market Committee wraps up its meeting,] we're going to start worrying about what Act II is, ... Will Mr. (Federal Reserve Chairman Alan) Greenspan have to raise rates again? We'll kind of go back into the whole soup all over again.

So far, layoffs have been bad, but the job market has held up pretty darn well. If companies really get the axe out more than they have, that sets a bad dynamic in motion. That's what's got to give [Federal Reserve Chairman] Alan Greenspan nightmares.

I think Mr. (Federal Reserve Chairman Alan) Greenspan is partially responsible for the latest decline in the market, because in his last testimony, he said something that was quite important, and I think he gave a wake-up call to the market. He said that they were - they had not made a decision yet about the August interest rates.

We are having a little back-off in the bond market today in anticipation of what (Federal Reserve Chairman Alan Greenspan) might say. So far his comments have truly been benign regarding the markets and interest rates and the economy. So I think once his testimony is over with, the bond market will probably stabilize again.

Bernadette Murphy

Certainly, people are waiting to hear what Federal Reserve Chairman Alan Greenspan is going to say.

I think things went comparatively well today (Friday). The market has said and (Federal Reserve Chairman) Alan Greenspan has said that the recovery is another quarter away, that it's going to be the third quarter, not the second, which is what people had been thinking.

Everyone's waiting for Wednesday, for (Federal Reserve Chairman Alan) Greenspan to make a decision,

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