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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Justa Werkenstiff who wrote (13265)	4/16/2000 7:06:00 AM
From: Mr. BSL	Respond to of 15132

the Plunge Protection Team From time to time, someone posts on how the Fed is tightening on one hand (Interest Rates) and loosening on the other (Repo's?, adding liquidity ?, and other such jargon). One premise is that the Fed will prevent a crash by pumping liquidity into the banks, similar to pre Y2K. Maybe they are confident of using this new found power. New found because I don't believe it was ever used to the extent that it was pre Y2K. One theory is that after Jan 1, they would begin to sop up the liquidity. They may or may not have started to do this in January. It is clear they they do have this Liquidity power and are gaining proficiency with it. After watching Greenshades sit next to Hillary at the State of the Union speech in 1993, the thought of pumping bucks into the economy for political purposes entered my mind. Who knows. The good thing about technical analysis is that it paints a picture of what is happening so if the economy is being inflated, it will show up in the charts soon enough. Dick