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

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To: Lucretius who started this subject10/2/2003 3:36:15 PM
From: j-at-home  Read Replies (1) of 436258
 
"Monetary policy can lower stock values only to the extent that it weakens the broader economy," Bernanke said.

"Monetary policy matters for the stock market but, on the other hand, it is not one of the major influences on equity prices," Bernanke said.

A surprise quarter-point cut in the federal funds rate should raise stock prices about 1.25 percent or about 120 points on the Dow, Bernanke said.

This guy is scary ..

doing this ridiculous work to justify Fed pol, he's searching for excuses in advance

why doesn't he do some work that elucidates the interaction of the various money pools and identify how much "they" move stock prices? give us names and respective purchasing or manipulative power in the market place

then we'll know who to blame when this all ends badly, except for those who benefited and were long out of town before the tsunami hit (is there any reason for so much of what happens in our markets to be less than completely transparent?)

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It's like a switch got thrown two days ago .. this market has that 10K look in its eyes AGAIN .. feels like that recent sell off never happened .. the way it has quickly made back the points reeks .. let stocks trade on their merits and performance not from capricious upgrades by interested parties (i.e., manipulators/thieves)

Damn terrorists would have done us all a favor if it had lit wall street instead of the WTC ... mf*ckrs .. g/ng

alright back to my nap .. where I've got this huge mechanical finger and I'm jamming it up Bernanke's friggin' a$$

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