E.F. Hutton

Mr. Greenspan is speaking before Congress this morning, and he's like E.F. Hutton. In fact, he's the only person Congress bows and scrapes to! I try to listen, but he's not the most exciting speaker, and the topic is pretty bland. Usually, I wait for a synopsis at the end of his testimony. As he drones, oops, I meant speaks, Wall Street registers moves based on his every syllable. What is he saying? The Fed plans to continue with its interest rate increases (bad news), but the economy looks good (good news). Markets are down slightly now and will probably register a negative day.