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

To: bearshark who wrote (10360)	11/24/1997 11:14:00 PM
From: Defrocked	Read Replies (4) \| Respond to of 94695

Thanks for the interesting link from which I pulled the following AG quote(bold mine): "Accordingly central banks, and finance ministries, must remain especially vigilant in maintaining a proper balance between a safety net that fosters economic and financial stabilization and one that does not. It is in this context of competing demands for resources and the government's unique position that we should consider the role of the central bank in interfacing with banks, and in some instances with other private financial institutions, as lenders of last resort, supervisors, and providers of financial services." One could infer a rationale for equity futures intervention. Now, consider the ideal market for intervention: (1) thinly traded for maximum impact (2) widely employed as a barameter of value,and (3) intervention activities can be veiled if desired. Globex S&P500 futures trading is an "ideal" market for intervention if you have enough money. Again, let me repeat, I do not know if the Fed is intervening. But when things don't make sense, question your assumptions. BWDIK.