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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (51308)	3/10/1999 11:29:00 PM
From: The Perfect Hedge	Read Replies (1) \| Respond to of 132070

MB- what are you seeing with today's trading?Do you think we're going to 10k?Seems like the Dow was pushed by the oils. Do we still have a chance on our April puts? TIA.... B*

To: Knighty Tin who wrote (51308)	3/11/1999 1:47:00 AM
From: Copeland	Read Replies (2) \| Respond to of 132070

Earlie, I would hope this runaway market would scare the Fed Chairman into doing something. MB He did try something. On Monday he had a reserve board member comment in the afternoon that that the Fed could raise rates at any time -- in other words without the continued release of strong economic data first: biz.yahoo.com It looks like the market saw right through that scare tactic. The sentiment appears to be that Greenspan won't let the market fall on his watch.

To: Knighty Tin who wrote (51308)	3/11/1999 6:01:00 AM
From: valueminded	Read Replies (1) \| Respond to of 132070

Mike/All AG is not interested in stopping the asset inflation (imo) and he wont be until it is so late that we end up with a Japan style crash and a severe debt crunch in this country. (If you look at price to earnings and price to book and compare the nasdaq to the Nikei of the late 80's I believe they are getting very close.) To expect anything different out of the FEd is to interpret their actions different than their words. Words express concern, actions say differently. (At least that is how I read the cards) Now a question: When the FED does a coupon pass, or buys coupons, what does that mean ? Also, when they "add temporary reserves" how can they add reserves if they are stealth tightening. thanks