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Strategies & Market Trends : Tech Stock Options
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To: Sergio H who wrote (55762)10/19/1998 12:31:00 PM
From: ratan lal  Read Replies (1) of 58727
 
Someone, perhaps the Fed or its agents, has been boosting stock prices
through the opportune purchase of highly leveraged stock index future contracts

I didnt realize that FED COULD get involved in the market. ISnt that trading on isnsider info since they have access to all the info and the CAPABILTY to move markets (in their favor) as they just did ??

With this cut, Greenspan opens himself up to criticism for being politically partisan
by trying to keep the stock market from fading any further before the Congressional
elections next month.

Worse that the politics would be saving the hides of his buddies in the banking system that loaned money to hedge funds.

The whole thing STINKS and for someone like AG to be involved who tries to give the impression that he is an unbiased person will pretty soon be seen as an emperor without clothes.
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