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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Monty Lenard who wrote (49431)12/19/2000 9:20:57 PM
From: Terry Whitman  Read Replies (1) of 436258
 
I thought the same thing. How could people be so naive as to think the Fed will do what THEY want. I maintain that the fed's BIG mistake was lowering like crazy to save the speculators in '98. Now the speculators think the Fed POOT is their RIGHT.

The fed put will be invoked- but he just may take his sweet time about it. The trash is being dumped, the fat is being trimmed and the rest of the market can wait while this process completes. <g>
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