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Wall Street is definitely pouting. After cramming a whole lot of selling into less than two post-Fed hours, investors were at it again the day after, pushing the indexes steadily downward into Wednesday afternoon. With the markets getting the message that Alan Greenspan is not anxious to ride to their rescue, whither Wall Street now? TIME Wall Street columnist Dan Kadlec gives voice to the bears' lament...
...TIME.com: We've heard that what the markets need is some kind of pleasant surprise to turn the psychology around. Are we ever going to be able to look to the Fed to provide...
...analysts need to start downgrading their earnings estimates for the slowdown, and get that over with, so companies have a chance to beat the Street and provide a lift. And businesses won't start investing just because rates are lower; in that regard, there's only so much the Fed can do, and some on the Street are expecting too much from him. But we need leadership, and Greenspan can provide that...
...Parkinson's. But for others, that improvement came at a price: a year or more after the operation, about 15% of patients developed uncontrollable writhing, joint flexing, chewing and other movements. At least one person was so debilitated that he could no longer eat and had to be fed through a tube...
...like what the Fed tries to do - fine-tune supply so it matches demand. With Greenspan, it's money; with OPEC, it's oil. What they're aiming for is a per-barrel price in the $25-to-$30 range, which is just a little higher than what it is now, around...