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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?

To: nokomis who wrote (1054)	1/4/2001 8:49:09 AM
From: Susan G	Respond to of 5732

In my opinion, There is no way any institutions got an early warning of that fed move...the indexes were struggling to hold support, had barely turned around from dangerous levels and it came as a complete surprise to all. The futures would have been surging causing widespread suspicion, the bond market would have been tanking. Alan Greenspan is way too intelligent to let it leak out to a secretary or anyone, as this could have far reaching implications. I think his decision regarding the release was perfect, and the fact that Bush and all the big CEOs were meeting to discuss the economy at that very moment had much to do with it. If he had waited until afterwards, GW most definitely would have taken credit for forcing the move. And there is no way Alan Greenspan is going to let our doofy and economically CLUELESS President-elect take any credit for such an important decision. In my opinion it was a carefully crafted move where Uncle Al let GW know who's the boss. And as far as waiting for lunchtime when many of the big boys were sucking down martinis? He is more brilliant than I thought. Kind of leveled the field for the little guys in my opinion. If it had happened pre or post market, it would have been the institutions and hedge funds who cleaned up. Instead, it was many of us. : )