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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 679.70

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To: Cathedra who wrote (35627)	12/21/1999 4:07:00 PM
From: KeepItSimple	Read Replies (1) of 99985

Thats because retail investors dont trade bonds. The people who handle bonds are professionals, and they know EXACTLY what the fed is doing. I've got two friends who work in the bond pit and NOBODY believes any of the government statistics anymore, and they think greenspan is simply trying to avoid having the fed's powers revoked when the bubble inevitably collapses. In 1929, the fed (which is a privately owned corporation) was nearly kicked out of the country after the market crashed. The fed will do ANYTHING it can to prevent that. People MUST understand that the fed is a PRIVATE, FOR PROFIT organization. It makes more money every year than microsoft. The figureheads are appointed by the government as a concession to appease the public. Nothing more. >All new 52-week highs, of course. But unlike yesterday, the long bond >yield is starting to accelerate upward. IMHO, that is an ominous sign >of looming inflation.

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