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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Lee Lichterman III who wrote (35535)	12/21/1999 4:07:00 AM
From: KeepItSimple	Read Replies (7) \| Respond to of 99985

Greenspan will not raise rates tomorrow, and he will not announce a tightening bias. Either of those two actions could be used against him if the market cracks. He and the entire Federal Reserve Banking system have only one goal. To avoid being lynched after the bubble collapses. Remember the crash of '29? The fed was blamed for nearly everything, and barely escaped with their powers intact. I doubt any of us can imagine the bribes that had to be paid to keep those crooks around. If Greenscam can keep the bubble going until after he retires in May, he's golden. Rubin has already left- receiving his payback for lax monetary and regulatory policy towards big banks- a cushy job at citibank. These guys could care less about the fate of our country, but they certainly care about the fate of their names in history. And if they are young enough to move to the private sector, they care about getting hired by the private banking companies they gave kickbacks and favors to while they worked for the govt. If they announce a tightening or raise rates tomorrow, I will personally mail every person who has posted a message to this thread in the previous 30 days a check for 10 dollars apiece. Here's a hint: the fed recently announced it wants to get rid of the "bias" directive. They said it was too confusing to set a bias when they nearly always ignored it the next month. In other words, they want to keep the bias neutral this month in order to keep from being blamed for any y2k problems, but they know they're going to have to raise it in february. they basically want to be able to resume lying to the public and giving no directive, just like they used to enjoy.