All Clowns Must Be Destroyed Message Board

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Pastimes : All Clowns Must Be Destroyed

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To: sammaster who wrote (5782)	2/1/2000 4:09:00 PM
From: pater tenebrarum	Read Replies (1) of 42523

<<he may even slow the money spigot in terms of overnight repos...>> dream on...<ggg> bubble boy isn't going to disturb the mania...after all, "millions of informed investors can't have it wrong". in other words, tulip mania was perfectly rational, or perhaps it was handicapped by being driven by only thousands of well-informed investors? note that on the occasion of the past three hikes there was nothing but the usual mumbo-jumbo coming out of the FOMC and back door liquidity stuffing was going on at full speed. the market was rising into all three meetings. why should it be any different this time? granted, i think we'll sell off. but not because of anything likely to emanate from the FOMC.

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