SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Stock Attack -- A Complete Analysis
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: jacin who wrote (40969)1/15/2001 9:20:15 PM
From: Lee Lichterman III  Read Replies (1) of 42787
 
I e-mailed a copy of a speech given by Mr Ferguson of the FOMC last week to Dennis and highlighted key phrases etc but didn't save a copy for myself unfortunately.

In that speech, he basically admitted they cut the rates due to the Calif Energy company crisis. Then after saying they don't target the stock market, he basically came right out and said that future rate cuts would depend on what the market was doing. In other words, they are targeting the market but as they admit they are, they also deny it in the same breath since that is not part of their charter.

As I said, they KNOW this is a bubble and they know they can not let it pop. I still think they just want a sideways market to let things mellow out, stay flat and let earnings catch up to the valuations which have been placed on stocks thus far.

Good Luck,

Lee
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News