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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 679.70

+0.7%

Nov 26 4:00 PM EST

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To: pater tenebrarum who wrote (35555)	12/21/1999 12:25:00 PM
From: Jorj X Mckie	Read Replies (2) of 99985

Heinz, For the sake of argument, I would like to put something else on the table. What if the fed actions are not related to the stock market at all and the stock market reactions are just a by-product that the fed has to live with because there is a bigger and more serious problem that the fed is trying to resolve with the current course of action (liquidity etc...). What if AG is actually a really bright guy and is in a no-win situation where he has to make a King Solomon like decision in the fed policy. Assuming that AG is not stupid and knows that the bubble will eventually burst and he will be blamed for it, what does the fed see that would cause the current course of action? JXM Put me on the KIS $10 list.

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