Telebras (TBH) & Brazil Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.507

+0.4%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: RockyBalboa who wrote (7331)	9/1/1998 8:10:00 AM
From: John Soileau	Read Replies (1) of 22640

Actually intervention on Wall Street by the Fed, through proxies,likely DID occur during the 1987 October crash. They obviously didn't want this publicized, but the evidence is quite compelling. Fortune wrote about this a while back, and there is a book out on the 87 crash (title escaspes me) that goes into the intervention in detail. What was recounted was that one or more Fed reps coordinated heavy buying of key securities by private bankers, with the tacit understanding that the Fed would stand behind them on those trades. It worked--the turnaround in a few bellwether securities (I think GE was one?) stemmed the panic. So Hong Kong and Brazil may actually have been inspired by their uncle in North America when they decided to intervene in their stock markets. John

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next