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Non-Tech : Derivatives: Darth Vader's Revenge -- Ignore unavailable to you. Want to Upgrade?

To: Bobby Yellin who wrote (435)	10/8/1998 9:28:00 AM
From: Henry Volquardsen	Respond to of 2794

Bobby, On the narrow point of what impact a Fed easing has directly on the average citizen, I agree. The Fed acts on a very narrow istrument and its action only directly impact the banks. The market is usually well ahead of the Fed on such actions as the market rates that effect you and I tend to move in advance. The Fed never surprises anyone and its moves are more of a confirmation to the market. But the day to day action of the market is more important to you and I than the infrequent actions of the Fed. I found the tone of the article a little tough to swallow, lots of hyperbole and ad hominem nonsense. Henry