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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: Surfer who wrote (7396)8/3/1999 12:27:00 AM
From: Kirk ©  Read Replies (1) of 15132
 
you make a valid point.
In one sense, isn't the job of the Fed to make sure its members are profitable? Banks, its members, won't make money if the bubble (if it is a bubble) bursts and people start defaulting on their mortgages because their home prices tumble.

Of course, this hypothetical 30% correction would just bring us back to 7500 where the Fed lowered rates before to stem the tide. It would make alot of sense to do it again.

nice two cents worth!
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