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Strategies & Market Trends : The Millennium Crash

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To: Nostradamus who wrote (1724)	12/3/1997 11:47:00 PM
From: Investor-ex!	Read Replies (1) of 5676

Hi Nostradamus, Love your quatrains! Have you considered iambic pentameter? We almost had the Big Kahuna on Oct 28th. But somebody meddled with futures Well, the bears in Asia look like geniuses, whoever they are. I read reports that the Feds might have intervened. Stupid move if it is true. In light of Greenspan's references to "irrational exuberance" and "asset bubbles" in his testimonies and speeches this past year, if it did intervene, the Fed would now be in the oddly ironic position of having been largely responsible for reinflating that bubble! Do you think the Fed will be so responsive or accommodating the next time the market goes into a free-fall? The next FOMC meeting is 12/16. What are the odds the market goes into its "feeble old man" routine about 10 days before that meeting? What are the odds the Fed bumps up rates anyway, no matter what the markets are doing?

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