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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.31

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Nov 12 4:00 PM EST

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To: Gersh Avery who wrote (38770)	2/1/2000 2:46:00 PM
From: pater tenebrarum	Read Replies (1) of 99985

yep...however, i actually think these meetings have more or less become meaningless, in spite of the media hoopla. what counts are the FOMC's back door injections of liquidity via repo's and coupon passes. that's what really drives the bubble, not the rates. people continue to assert that inflation is a no-show...obviously that's nonsense in view of the explosion in the money supply. it's just that inflation has been channeled into asset prices...

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