Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: AllansAlias who wrote (53767)	1/4/2001 1:33:45 AM
From: Ken98	Read Replies (1) of 436258

AA, I too was struck by the panicky nature of the move. Why now? Why so much ease following $38B+ in ClownBucks last week? Why an easing bias on top of that? What changed in the few weeks since the last Fed meeting where a neutral bias was declared? My initial answer is to rejuvenate calling Bubble Boy "Asymmetric Al". To listen to that doddering fool blabber for months about "incrementalism" and "not wanting to surprise the markets" and "certainty as to Fed action" only to jam the equity markets with maximum force. This was either the supreme act of arrogance or fear - I still haven't decided which. The similarities to the '98 jam job are stunning. Will the "successful" results be the same? Why now? Clearly they were waiting until after the first of the year to do it. But why? Keep the January mufu flows coming? Does someone need the bailout to affect Q1 results rather than Q4? Or is something GOING to happen? Or is he simply trying to curry favor with the Bush boys coming into town on the day of their economic confab? Why so large? Clearly to have the max psychological effect on the equity markets. But as someone else said earlier, he has shot his wad. If he gets in trouble again later what will he do, cut by a full point? BTW, no open market activity today - I guess they were too busy elsewhere. They'll pick it back up tomorrow. <g>

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