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What an
era this has been. We've gone through one
cycle and now on to the next! We're in a new
era for the futures and commodity markets.
Is this finally our new bull?
There are many
different investment arenas and they go
through cycles like all things under the
sun. An 18 year era is coming to an end and
we wish the Federal Reserve Chairman, Alan
Greenspan, a happy and well deserved
retirement. His reign as the Fed Chairman
has been much loved by stock traders. This
is one investment era that will be sorely
missed by many. Alan Greenspan's phenomenal
reign as Fed Chairman will forever be
remembered as an era when stocks seemed to
have no bounds and the sky was the limit.
Even his first big challenge as Federal
Reserve Chairman when the stock market
crashed in 1987 now looks like a tiny little
blip huge bull market chart.
Alan Greenspan, "the
maestro", waved his magic rate wand and the
markets played the perfect symphony. Mr.
Greenspan tapped the ground, set the tempo
and raised the baton and the stock market
sprung forth from the depths of the '87
crash. So commenced the era of the go-go
'90s! The world wide economy and stock
traders all greatly benefited from his
leadership and wisdom. He was the proverbial
dragon slayer of inflation as he held the
power of US monetary policy in his hand!
Even when he warned us of irrational
exuberance we somehow knew that as long as
Alan Greenspan was in charge, the party was
far from over. His influence guided us
through some dark days. Stock market
crashes, multiple financial crises world
wide, terrorist attacks, war and peace. And
through it all the US and world economies
survived and thrived.
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Phil Flynn is
Vice President, Energy Analyst and General
Market Analyst with
Alaron Futures and Options. Phil is one
of the world’s leading energy market
analysts, providing individual investors,
professional traders and institutions with
up-to-the-minute investment and risk
management insight into global petroleum,
gasoline and energy markets. Phil’s market
commentary, fundamental and technical
analysis, and long-term forecasts are sought
by industry executives, investors and media
worldwide.
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