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Politics : Ask Michael Burke

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To: BGR who wrote (71997)	12/17/1999 10:50:00 AM
From: Skeeter Bug	Read Replies (1) of 132070

>>Of course, then the ones who sold the puts would have made the reverse argument (why not hurry it by 2 minutes?). The Fed is in a lose-lose situation it seems.<< bgr, when was the last time the fed raised rates in this manner since it such a hard decision? funny, i can't remember then EVER doing it. since they NEVER did it, your argument falls flat on its face because everyone KNOWS they NEVER jack rates ahead of options expiration in this manner. since they NEVER do business like that, why would the put sellers EXPECT them to do it NOW? doh! ;-) you are deep in the well of desperation to explain the feds unique action.

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