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To: DebtBomb who wrote (15069)9/9/2001 11:31:08 AM
From: Zeev Hed  Read Replies (1) | Respond to of 208838
 
Agreed, but what tells you they will no do a similar thing ere? Not necessarily a rate cut, but huge buying of repos or other injections of liquidity in the system. The feds do not mind "orderly decline" in the market, but they abhor discontinuities, and if we get into the "disorderly" range here next week, they will intervene as sure as the sun will rise again the day after.

Zeev