Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Barbara Barry who wrote (10357)	11/24/1997 10:43:00 PM
From: Defrocked	Read Replies (2) \| Respond to of 94695

Barbara, interventions can only act to slow upward or downward movements. There is a school of thought, however, that the only thing it accomplishes is increasing volatility. Look, I don't know for sure if the Fed is buying S&P500 futures to slow equity market declines. But I've seen intervention in the currency markets many, many times and this seems similar. All I know is if things are happening that you can't explain, change your assumptions.Well, I did that and Fed equity market intervention passes the smell test.FWIW.