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

To: Charles P. Hubbard who wrote (31699)	10/15/1998 6:04:00 PM
From: Haim R. Branisteanu	Read Replies (4) \| Respond to of 94695

Charles the FED action today and other rumbling from other quarters is a clear DECLARATION OF WAR on Hedge Funds. The FED knows they can not control those Hedge Funds, but for sure they are trying to destroy them. Look at the NIKKEY, it faltered again during the past several days, the bond market had a glorious drop, the dollar went from 135 to 115 to the YEN actually in not time. Will the FED be able to restrain speculation?? I am not sure but the current way of handling the monetary affairs IMHO will let us begers at retirement. The FED is well behind the curve and the margin ration on stocks was left the same!!! More Helium to WS fat cats, they new it well in advance and it is discusting!!! Markets should be free and not manipulated to destroy those who provide liquidity. The 50bp move should have been done in the first place, not 30 minutes before index option expiration. (do not play the indexes but I am sure plenty of folks got hurt very badly) BWDIK Haim