Exact(2)
He is now in the awkward position of arguing, simultaneously, that the Fed needs to restrain the economy; that the economy is zooming mainly because of the rising stock market; and that the Fed is not targeting stock prices.
In a letter to Representative Jim Leach, Republican of Iowa and chairman of the House Banking Committee, Mr. Greenspan said the Fed "is not 'jawboning' the stock market or targeting stock prices".
Similar(58)
Several of the top technical newsletters are targeting stocks with high relative strength to capitalize on the uptrend.
Greenspan counters that the Fed can't target stock prices the way it targets inflation, because you can't know whether a bull market is a bubble until it bursts.
Both bills also target stock options in another way.
My O'Shaughnessy-based value model also targets stocks with strong dividend yields.
This model targets stocks with low price/sales ratios, low debt, and strong cash flows and profit margins.
Lynch also liked conservatively financed companies, and my Lynch model targets stocks with a debt/equity ratio below 80%.
This approach targets stocks with P/E ratios that are between 40 % and 60 of the market average, and Western's 6.21 P/E falls into that range.
Dreman was a great student of investor psychology, and he targeted stocks that had been beaten down to irrationally low levels because of fear or apathy.
The model I base on his writings targets stocks with P/S ratios below 1.5; at just 0.11, World Fuel easily passes the test.
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