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

To: ProDeath who wrote (72038)	3/13/2001 9:32:50 AM
From: John	Respond to of 99985

It is not the job of the government to bail out goofballs, period. I think any realistic person will agree with the sentiments of your statement, however, one cannot deny the fact that the FOMC exacerbated a very serious situation in the U.S. equity markets with repeated and unnecessary interest rate hikes during 2000. The final 50 basis point hike in the summer of 2000 was especially unwarranted. In essence, the FOMC "pushed" a market that was already leaning over a precipice, preparing to fall quite naturally and significantly on its on. It seems most reasonable people view the FOMC as over-controlling the U.S. equity markets to the extreme on both sides, up and down. Many fail to understand why they refuse to let the natural laws of supply and demand govern the behavior of equities. Regards, John