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


To: Haim R. Branisteanu who wrote (75936)4/25/2001 4:16:57 PM
From: 10K a day  Respond to of 99985
 
Haim, Unfortunately, i agree with you...
(very well said, btw)



To: Haim R. Branisteanu who wrote (75936)4/25/2001 11:47:14 PM
From: Abner Hosmer  Respond to of 99985
 
>>As I stated for several years by now the FED under AG is counter productive and shields only their owners Banks and WS entities on the expense of market participants from all over the world.<<

I've been of the opinion for some time that the Fed has become a tool to protect their buddies the bankers from the consequences of poor business practices. They'll take on any risk in the pursuit of profit, knowing the Fed will bail them out because they are "too big to fail." If they have to put a burner up the pipe of "the free market", ie you and me, to protect their buds, there is no hesitation, because their buds are the one's who make the world go 'round. Even Merrill Lynch this week used the words "Moral Hazard" in relation to the actions of the Fed. I hope that particular analyst still has a job next year because I'm sure his mild comments didn't go unnoticed..

What is especially sickening to see is that it seems obvious the word was out amongst the in crowd prior to the cut. I haven't had a significant position here since the beginning of the year, and have never been short, but my cynicism and disgust with this whole process has increased enormously. Den of swindlers and thieves through and through. Plan accordingly. At some point the market will take all of these characters down and the rest of us with them.