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Strategies & Market Trends : Currencies and the Global Capital Markets -- Ignore unavailable to you. Want to Upgrade?

To: Robert Douglas who wrote (987)	11/2/1998 3:59:00 PM
From: Chip McVickar	Respond to of 3536

Hello Robert, It seems some-how the financial world has come to manage the bad news. Collectively. It's possible that Oct 1987 resulted in a series of safety nets that players have come to expect and perhaps have come to recognise. Futures contracts are a remarkably powerful tool and obvious only to those who have their noses to the screen. Message 6249922 This thread has had a lot of interesting comments on the fed's action and particularly by Hiam who has been incensed by the actions taken by the Fed in the LTCM problem. Is this indicitive of a systemic process of covering-up mistakes? Like in Japan....? We might be watching the unwraping of a 25 year experiment. I don't realy believe it's around the corner....but I sure hope our noses are close enough to the screen to see it... I expect they are...? Another stronge day on the plus side...good, everbody makes money and feels good. Chip