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

To: Gary Burton who wrote (28840)	9/24/1998 9:56:00 PM
From: Monty Lenard	Respond to of 94695

Thanks Gary. <eom>

To: Gary Burton who wrote (28840)	9/24/1998 10:02:00 PM
From: Monty Lenard	Read Replies (1) \| Respond to of 94695

Is this amazing or what. Talk about a job for Ken Starr. She said: "Yesterday, he made the switch to justifying his new attitude by citing 'disruptions abroad' and 'more cautious behavior by investors at home' which has struck a 'balance'. ('Cautious behavior?' You mean the guys who got their socks blown off in August? 'Balance'? Surely he must mean 'between a rock and a hard place'!) All along he knew he had a meeting at the Fed several hours later to frame a bailout for a huge and noteworthy hedge fund. Question: Who else knew?" She continues: "What he should have said was this: 'I have irresponsibly pumped money into the system hand over fist, which has served to make it easier for folks like hedge funds to leverage themselves to the point where they are a threat to the globe. Now I have no choice but to cut rates so that one of the biggest won't go down and make mincemeat out of the banks and financial sector in general. I have no alternative but to continue to foster this stock market bubble.'"