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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Mike McFarland who wrote (2029)	3/14/2004 11:12:34 PM
From: mishedlo	Read Replies (1) \| Respond to of 116555

Puts on the stock market? I don't know why raising fed funds slowly and gradually would upset the stock market so dramatically. Be serious. The market started heading south the day Greenspan changed the words from "considerable period" to "patient" It rallied big on the horrid jobs news (although that has since been given back) because it meant the FED would be "patient" longer. Now you are predicting a series of hike would have no impact when a HINT causes a steep reaction. Pure fantasy land. I am coming to the rapid conclusion that huge SHORTS are a decent hedge againt fears of a hike. Both will likely be right cause this market is starting to look like crap and the FED ain't hiking. Mish