Greenspan is a fool, or has some kind of agenda. Continually raising the rates will only do good for a few. Everyone else will be holding their cards. Regardless of what anyone says, the market doing this right after Christmas is not good.
What's it's juxtaposition to Christmas got to do with anything? Just because a bunch of idiots got spooked on a day that started out good? They're probably liberal investors that became overcomed with gilt because everything was going so well and they hadn't done a dang thing to merit their wellbeing!!! Typical!!!