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To: caprice_87 who wrote (55072)8/17/2007 9:00:03 AM
From: stevenallenRead Replies (1) | Respond to of 118717
 
"Fed cuts "discount window rate" by 50 basis points"

No need for conspiracy theories of a covert PPT - the Fed is clearly defending the market, at least in the short term.

Are they are purposely burning the puts on OpEx, or those who sold it all into the panic the past few days, who knows, but I bet there a lot of folks who one way or the other got hosed by listening to the talking heads.

Big props to Dale and the rest of the crew here for by and large staying long and strong - I'm not saying we're out of the woods by any means, but I'm happy to continue to take my chances here.