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Politics : Ask Michael Burke

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To: Freedom Fighter who wrote (72009)12/17/1999 9:38:00 AM
From: BGR  Read Replies (1) of 132070
 
Wayne,

I think that your personal biases and experience are misleading you to the conclusion that the general public was heavily short/long puts going into last November's options expiration. It is anecdotal anyway and my personal anecdotal conclusion is that it was just the opposite. Put buying has for some time been the pleasure of the razor sharp money manager, bent on underperforming the indexes by doing something different. While they indeed represent the financial interests of the general public, they do not represent the investing general public, who in my personal experience usually go long in their equity accounts more than they go short. In any case, it is meaningless to talk about manipulation w/o data. And if I were you, I would not dilute the otherwise interesting discussions we have had on this thread by insinuating that the Fed discloses rate adjustments to the WS banks in advance.

-BGR.
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