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Politics : Ask Michael Burke
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To: Tommaso who wrote (92179)9/16/2001 8:45:13 AM
From: Freedom Fighter  Read Replies (1) of 132070
 
T,

<<Yes, I know there are probably even people on this well-informed thread who think the Fed has bought stocks at times. <<

I'm not sure where I stand on this idea. I will say this though. In the last few years there were some extremely strange rallies that turned the market on a dime at some critical points. They did not look legit to me because of both the timing and strength. Others have reported futures purchases well above the asking price.

I doubt it was the Fed buying stocks or futures, but I would not be surprised if there were coordinated actions by private and/or public entities - which may include phone conversations with the Fed.
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