AUTOHOME, Inc Message Board

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Technology Stocks : AUTOHOME, Inc

ATHM 25.05

+2.9%

3:59 PM EST

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To: E. Graphs who wrote (3976)	1/8/1999 1:59:00 PM
From: ahhaha	Read Replies (4) of 29970

Where is AHhaha? In hiding. This market is a disgrace to investment. I just want to point out to traders that the FED is snugging rates. They did matched sales today to firm up fed funds when they didn't really need to do it. They could have left it to the market since there is a persistent and good demand for reserves. As I emphasized last year they pumped in some incredible pile of money due to fear and the effect is now seen in the screaming stock market. They've blown it again. Until they go back to money supply targeting and quit this absurd interest rate targeting which exacerbated all the trouble of the '70s, we will be in the world of wild swings. This is no place to be for investors. The FED has to get the stock market in control or there is going to be an upside explosion and crash. I am telling you that they are plenty concerned, and you should be too. So I am going back into hiding. My advice? Survive.

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