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Politics : Welcome to Slider's Dugout

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To: bullbud who wrote (8860)	3/28/2008 6:35:01 PM
From: RonMerks	Read Replies (2) of 50459

Re- 'That's Mugumbo and he does know better....than you.' Evidently not, because I've heard at least 8 to 10 analysts talk about it on the business news shows and have read 3, or 4 articles talking about what a slick move it was by Bernanke. Last Monday on the 17th Bernanke & the Fed withdrew $18 Billion and then again on Wednesday the 19th another $22 billion. For sure- Mr. Mugumbo IS smarter than me. I am no genius, but a fool with either a plan, or the facts- always beats a genius without them <vbg>. Mogumbo failed to see the forrest for the trees. By the way, the reason gold rallied back- is that Bernanke reinjected $29 billion just days later. The Fed is being very smart in taking out both the market shorts- and the leveraged longs in commodities. Bernanke has used the discount window, pre-open announcements on Fridays, and a lot of other tricks to keep the hedge funds making one way bets on their toes. Like Slider said- give credit when it is due. Bernanke may be an academic- but, he's getting a real world Wall Street baptism under fire. If the Mugumbo said that- he's getting lazy and sloppy on his facts. And I do not have a big ego. I am just a curmudgeon- so deal with it <vbg>. Ron

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