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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (72812)	1/4/2000 4:22:00 PM
From: valueminded	Read Replies (1) of 132070

Mike/Others No way the fed responds to bond or buck pressure unless it materializes into something the consumer (read voter) doesnt want. Yes I know please dont tell me how the FED is not a political institution. I think they have firmly established where they vote, and they vote dow jones. . . So as long as this is an election year, no way do they allow a selloff to be triggered by the FED increasing rates. So look for more liquidity injections (coupon passes) tomorrow. I dont believe the bond traders will fall for anything the FED says at this point and they will raise the long bond to over 8% by midyear and double digits by year end. At some point, the FED will be so hopelessly behind the curve that it lets the bond traders do their deed for them. Are you still waiting to buy your puts ? I think the current "decline" is another bear trap so I havent loaded up yet. Whats your thoughts? thanks

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