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Strategies & Market Trends : Currencies and the Global Capital Markets -- Ignore unavailable to you. Want to Upgrade?

To: Jon Stept who wrote (1926)	7/2/1999 3:36:00 PM
From: Paul Berliner	Respond to of 3536

Hi Jon, I guess the ultimate impact will be that the market will go on to see higher highs if the Fed doesnt drop the ball..... if there's one important thing I learned over the past 2 years, its this: When a government has the will & ability to move a market, trade with the govt., not against it, i.e. Governments can end trends in a heartbeat. The bull market is crucial to the popularity of the Clinton Administration, and they'll do whatever they can policy-wise to keep it intact. Unlike other world governments, the U.S. has not DIRECTLY intervened in the markets, but they have INDIRECTLY intervened - the most recent occasion being a surprise rate cut on expiration week, 10/98.