Alan Greenspan: Run For Cover

[singular_me]

Lots of double talk as usual... leverage is not important but toxic assets, yet he does not define them. The fact is that the whole world is a gigantic toxic asset.

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Alan Greenspan: Bull Market Is "Beginning To Fumble," "Run For Cover"

JULIA CHATTERLY, CNN: Do you think we are still in a bull market -- an equity bull market?

ALAN GREENSPAN: Not really, no, it is beginning to fumble.
You can see it by the reaction in recent days. It would be very surprising to see it sort of stabilize and take off again. But it has happened in the past. However, at the end of that run, run for cover.


https://www.youtube.com/watch?v=4DHCuoba37Q

DEC 12 2018: https://www.realclearpolitics.com/video/2018/12/18/alan_greenspan_bull_market_is_beginning_to_fumble_ run_for_cover.html?utm_medium=referral&utm_source=mixi&utm_campaign=realclearpolitics

[singular_me]

or does he mean toxic assets that are the derivatives?

[Horn]

or does he means toxic assets that are the derivatives?

Any derivative would be wiped out without much future loss.

Anything taxable would be a toxic asset for an average joe seller, when nobody wants/can purchase.

Many landlords who thought they could purchase a second home and retire there by renting the first could be wiped off the face of the planet.

[Neuro]

Of course he is their most trusted market manipulator, what he says the market believes and act accordingly, would it still have dropped the last two days? Yes probably but probably not the nearly 1k points on the Dow.