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To: John F. Dowd who wrote (4502)12/16/1997 10:58:00 AM
From: nanu swamy  Read Replies (1) | Respond to of 19080
 

>...
Hey nanu do you know what the word sophomore means and how it is derived. beware of the immediate application of newly found "knowledge". True the Fed lends money at the discount
window and true they manipulate overnight bank borrowings through the Fed Funds rate and they can fine tune with Open Market Ops....



John, I am glad to be thought of as a sophomore rather than a
an infallibly wise prophet. I do not want to tell the whole
world about my trading positions and make them think otherwise.

Regarding all your other statements, I tend to agree with them.

Rgds, nanu