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Strategies & Market Trends : Heinz Blasnik- Views You Can Use

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To: LLCF who wrote (2867)6/30/2003 10:30:52 PM
From: GraceZ  Read Replies (1) of 4907
 
Grace they ARE [part of] the market

It's funny you say this now, yet before you couldn't admit that.

Here you say:

>>>that assertion is ludicrious. That market simply reflects expectations in the market place about where fed funds are going. <<<<

Maybe you can explain what changes expectations. It must be the case that you don't believe expectations are changed when material effects are put in place. If you don't believe that, then what changes expectations?

You don't believe that those traders in their random actions will discover the truth.You don't believe that their firm's economists tell them that there's slack in the overnight fed funds market. You don't believe that traders follow or know what declining C&I and commersh implies. You don't believe a trader can key on Reuter's reports about FED entry in the bond market. You don't even believe Rick Santelli. What the hell do you believe? A collection of myths written by amateurs and hacks.

You don't seem to understand that when the FED fixes price in a supply regime, there is no price determining market, only the windmill of one. That is, the market is almost completely subjugated to the FED's will. Even so, there is a market there anyway as suppressed as it is. And, there is the T market. The T market underwrites everything I've said in spades.
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