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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: IceShark who wrote (70875)10/21/1999 3:41:00 PM
From: pater tenebrarum  Read Replies (1) of 86076
 
it is. and i still think that this volatility and the crazy moves in selected mania stocks are a sign that the ship is taking on more water by the day. today another Fed governor let off a warning shot which WS chose to ignore, or rather misinterpret. i believe when he alluded to asset prices he meant to say the Fed won't be holding off on rate increases only to save WS. naturally it was interpreted the other way around, i.e. we can rally 'em, they won't raise just because we do our crazy thing.
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