Greenspan put

Bapopik at AOL.COM Bapopik at AOL.COM
Mon Dec 11 01:32:30 UTC 2000

   From the FINANCIAL TIMES, 8 December 2000, pg. 20, col. 1:

_"Greenspan put" could be_
_encouraging complacency_
Fed action may have eroded Wall Street stability,
finds _Peronet Despeignes_
   Some stock traders now call it "the Greenspan put."  It is a label borrowed from the world of options trading for a widely held view: when financial markets unravel, count on the Federal Reserve and its chairman Alan Greenspan (eventually) to come to the rescue.

(A story about "biopiracy"--an old new word--is on pg. 32--ed.)

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