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Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?

To: Keith Monahan who wrote (2247)	5/15/2001 4:28:41 PM
From: ahhaha	Read Replies (2) \| Respond to of 24758

Because it is believed by authority that we the people can't create prosperity. The official truth is that only central banks can make economies go. From '95 until '98 you hardly heard a word about FED and interest rates. Now, it's everything. We the people are nothing but bums, that is, in the view of the illiterati. The only way to get stocks up would have been to do nothing. Instead, FED is reacting to their own fear and ignorance. They don't have a clue about where the problem lies. The problem lies in what is dear. In our society nothing is dear. When this has happened in the past in the various and unique ways it has, people inadvertently find ways to destroy or reduce the nominal value of everything. That propensity is what has to be attacked. One way is to raise interest rates. Another, less aggressive, is to do nothing. Instead FED intervenes to throw gasoline on the fire. I should say they throw water on the fire which is already dying. They labor under the mistake that more money will get you to do what you should be doing when it's less money that will get you doing. That's what reality is trying to do, make you poor, so that you can prosper. FED is fighting to prevent you from becoming poor, and so is ensuring you will become poor.

To: Keith Monahan who wrote (2247)	5/16/2001 10:55:19 AM
From: Keith Monahan	Respond to of 24758

Look like others are getting frustrated by the constant Fed watch. From Don Hays' morning comments: "That little story probably tells you a lot about me, but I can tolerate cocktail parties only so long. I’m pretty good at it for a while, especially if someone brings up the stock market, but even then, it seems that it becomes Rattle, Rattle, Rattle, Rattle after a rather short time. Yesterday, there it was again. Rattle, Rattle, Rattle, Rattle. In fact, just about every day, Rattle, Rattle, Rattle, Rattle. But yesterday, it really tore me up. Every time I took the mute button off, they were asking someone else about what they believed the Fed would do to the fed funds rate. On, and on, and on. This morning, here they go again, they are asking why the market didn’t go up, and the brilliant answer is, everybody expected the Fed to cut the fed funds rate by 0.50%, so it was already priced into the market."