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Strategies & Market Trends : Waiting for the big Kahuna

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To: Barbara Barry who wrote (10357)	11/24/1997 10:43:00 PM
From: Defrocked	Read Replies (2) of 94695

Barbara, interventions can only act to slow upward or downward movements. There is a school of thought, however, that the only thing it accomplishes is increasing volatility. Look, I don't know for sure if the Fed is buying S&P500 futures to slow equity market declines. But I've seen intervention in the currency markets many, many times and this seems similar. All I know is if things are happening that you can't explain, change your assumptions.Well, I did that and Fed equity market intervention passes the smell test.FWIW.

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