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To: Nathan who wrote (54498)1/5/2001 11:00:09 AM
From: pater tenebrarum  Read Replies (2) | Respond to of 436258
 
what is happening here is that we have a hugely dysfunctional market, whipped back and forth by derivative related trading strategies, and wild, senseless rotation.

i believe the entire fiat/paper pyramid has begun to burn, and it is in this light that i see the rate cut. enormous stresses in the system, and the entire make-believe edifice is in danger of coming crashing down to earth imo.