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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: xtahce who wrote (58089)	6/13/2002 9:52:51 AM
From: Real Man	Read Replies (1) \| Respond to of 94695

I normally don't believe in market manipulation. However, when put sellers (aka banks) get in trouble, mysteriously the Fed always shows up with a large coupon pass. They did it Yesterday, but it did not work as well as before - normally, $2.5 bln. coupon pass would send NDX into stratosphere. Yesterday it "only" closed up 2%. I guess, the market may be bigger than the Fed, or the faith in the Fed is almost lost. When it's totally lost, I would expect a rapid adjustment of stock prices (guess which way -ggg-).