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To: pater tenebrarum who wrote (76611)	11/22/1999 11:49:00 AM
From: MythMan	Read Replies (3) \| Respond to of 86076

Who's name are the purchases in? Fed got a big brokerage account we don't know about? -g-

To: pater tenebrarum who wrote (76611)	11/22/1999 11:57:00 AM
From: Ken98	Read Replies (2) \| Respond to of 86076

Heinz, there is no other explanation other than bubble maintenance. By the Fed's own account loan demand is flat to declining in both consumer and commercial sectors. Temporary Y2K liquidity issues could be, and in fact are being, addressed with repos. Why else continue to add permanent reserves? At some point this virtuous feedback mechanism of endless money being thrown into the system, cooked gov't numbers to show lack of "inflation", endless upgrades by the pimps in light of year to year declining profits, etc. must come to an end. Until then, the band marches on... Regards, Ken.

To: pater tenebrarum who wrote (76611)	11/22/1999 12:36:00 PM
From: NickSE	Read Replies (2) \| Respond to of 86076

IMO, the reason is Y2K. The FED fears a possible panic by J6P, so what to do. Jack up the market by flooding it with funny money. That makes J6P less likely to take his/her money out with daily 1% gains on the indices. ufb Maybe Y2K comes and goes without a problem and the FED drains slowly and the bull lives, but what happens if they miscalculate and Y2K isn't the dud everyone thinks it will be. Possible disruptions in the supply chain combined with more funny money floating around than you can shake a stick at makes for a very sticky situation. Got Gold??? i still don't know WTF they're doing this for...as if this market needed any more goosing....