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

To: Jacob Snyder who wrote (50787)	5/15/2000 5:05:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 99985

sure, you're quite right...i was speaking tongue-in-cheek actually. funny enough, in '94 the FOMC was worried about a 'developing bubble in the stock market' whereas Al is nowadays insisting the bubble can only be spotted in retrospect. he IS trying to keep the market in a sideways movement i think...just look at the dual strategy of raising rates and at the same time keeping the spigot open via repos and coupon passes (rendering the rate hikes largely symbolic and useless). the strategy is of course dependent on the economic fundamentals staying more or less where they are, especially the inflation data. in addition to that there is the problem that bubbles rarely stand still...they either expand or deflate.