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Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?

To: Arik T.G. who wrote (4759)12/14/1999 1:44:00 PM
From: Robert Schling  Respond to of 5676
 
Agree. I'm playing a sideways to down market until Dec 31, because after a date still unknown I just don't see people committing more money to the market. There is even an argument to be made that there will be selling pressure due to people moving into cash, just to be "safe" from the unknown.

What happen after Jan 1 is anybody's guess. We might even get a another blowoff if Y2K turns out to be a myth. The Fed may spoil the party a little later in the month, though.

Interesting times.

RS



To: Arik T.G. who wrote (4759)12/14/1999 2:46:00 PM
From: MythMan  Read Replies (1) | Respond to of 5676
 
>>NEW YORK, Dec 14 (Reuters) - The Federal Reserve said Tuesday it would
add temporary reserves to the banking system Wednesday via 21-day
forward fixed-system repurchase agreements for tri-party settlement.

The Fed, which only rarely pre-announces daily intervention, refrained
Tuesday from regular open market operations at their usual 9:30 a.m.
(1430 GMT) time.<<

What do you make of this? pre-announce printing money?


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