Piffer OT - And Other Assorted Nuts Message Board

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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts

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To: Rich1 who wrote (62038)	12/19/2000 11:08:50 PM
From: Junkyardawg	Read Replies (2) of 63513

I know the bears and shorters got plenty of ammunition today with the FED doing what they did. The bulls don't have a reason in hell go buy until January now. AW was right. I think the Nasdaq could easily see 1400 now and I don't see anything to stop it. Here is a thought and I know many will tell me I am a fool for saying this but WTF. I wonder how many years technology improvements have been set back because of the stupid FOMC that we have. Many good companies are being put out of business and lots of talented people will not be able to find work in the technology field. Was it overdone at some point? Maybe but I still don't think so. I still say the market knows what's best for it and we never needed any raise in interest rates. The market would have sorted out all the junk companies from the good ones, it always had and always will. The fed should have kept their stupid noses out of the market. Wait you say, wait..the fed is not, was not and never was targeting the markets. I say bullshit. All I know is Alan Greenspans T-Bills (it is common knowledge that his personal wealth is tied up in t-bills) have gone up immensely the past year. He is making a fortune while he puts many companies out of business and people out of work. One more thing while I am at it. Its to late. The fed could have stopped a recession but its too late now. They will be too stubborn to do a pre-emptive rate cut and while we all wait for the next fed meeting 6 weeks away this market is going to tank and tank hard. Should I short if I feel this way? Yes but unfortunately Allan F*ing Greenspan has already broke me so he can kiss my a. I have said my piece. dawg

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