Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: ViperChick Secret Agent 006.9 who wrote (9121)	2/4/1999 9:58:00 PM
From: Peter V	Read Replies (1) \| Respond to of 122087

Fleck suggested it, and thinks the futures pit is rigged stocksite.com BWDIK <<Fed drops a hint... After initially selling off, the market went sideways for most of day until the minutes were released from the last Fed meeting. In that press release the Fed said it may announce bias changes in the future. In other words, what the Fed will do in the future is hint and tell you that it is thinking about changing its bias before it does so. Then it will actually change the bias, then change to the new policy. It's completely ridiculous, but that's the new plan. The Fed also said it didn't think it would have to cut rates anymore as stability has returned, but left the door open for a rate cut if a downward shock occurred. That gave the green light to speculators and we promptly had a big rally in the S&P. And when that ended the market sold off to close at its worst levels of the day, with the S&P futures down over 2 percent. It's interesting to note that the cowboys are in the pit, in the runoff after the stock market closes, and in about two minutes time the S&Ps trade up about half a percent. There's so much monkey business that goes on with tape painting in the futures, it's a sight to behold.>>