Culture

Greenspan Chills Markets

The markets got off to a frigid start after Fed chairman Allen Greenspan told a House committee that bad economic news inevitably lurks behind the current rosy glow and that a continuation of recent market gains is "clearly unrealistic." The Dow was down 86 to 8,091; the Nasdaq down 5 to 1731.

The markets got off to a frigid start after Fed chairman Allen Greenspan told a House committee that bad economic news inevitably lurks behind the current rosy glow and that a continuation of recent market gains is "clearly unrealistic." The Dow was down 86 to 8,091; the Nasdaq down 5 to 1731.