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Politics : Ask Michael Burke
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To: accountclosed who wrote (59516)5/17/1999 4:46:00 PM
From: John Graybill  Read Replies (2) of 132070
 
IMO the past two days were nothing out of the ordinary, just the usual mini-"panic" and FUD to sell some destined-to-be-worthless puts to the public before a 2-3% run into expiration on Friday.

Message 9532130

Today's hand-wringing over which way the "bias" will go tomorrow is just a kabuki dance to pick the pockets of the bears. They might raise interest rates at the FOMC meeting tomorrow? No, they *might* announce that they *might* raise interest rates *sometime*. Yeah, ok.
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