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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: CalculatedRisk who wrote (29525)5/6/2005 6:43:32 PM
From: mishedlo   of 116555
 
The utter absurdity of the intense attention paid to the minutiae of the FOMC statements was never more clearly illustrated than it was last Tuesday, when the Fed rushed to revise its previously-issued statement with a bare 5 minutes left before the market close. With the market sinking rapidly and the Dow down at 10208, the revision sparked the result apparently desired by the Fed—a 52 point jump in the final 5 minutes.

the rest here: comstockfunds.com
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