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Daily News, New York, Peter Siris Column.

Publication: Daily News (New York, New York) (via Knight-Ridder/Tribune Business News)

Publication Date: 16-MAY-01
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COPYRIGHT 2001 Daily News

Byline: Peter Siris

May 16--There is a wonderful scene in the Sherlock Holmes story, "Silver Blaze." As the police try to figure out who stole a horse, Holmes points out that, curiously, the dog did not bark. It was silent because it knew the horse thief.

The stock market did not bark yesterday either because it knows Alan Greenspan. Investors essentially said, "So what?"

The "so what" is Greenspan giving the market exactly what it wanted. The Fed lowered rates by a...

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