Re: [amibroker] Helicopter Ben :-), AmiBroker Email List Archive

I'm trying to figure out what the bailout is...... the short term treasury rate was 2.79% on Friday and fell to 2.23% today.... thirty year bond rates were 4.23% today and the Fed has overnight rates at 3.5%????? Get real......

They are badly lagging the credit markets and putting the squeeze on banks, and thus the whole economy.... a lot of good companies getting clobbered and lots of 401K's, IRA, Mutual funds......why don't they just let the Market decide rates.....

My 2% worth....

Kevin Campbell

In a message dated 1/22/2008 9:54:30 PM Central Standard Time, ara1@xxxxxxxxxx writes:

Economic cycles are of course natural and will keep happening. What I don't
like about "free markets" is that a lot of this sub-prime mess should and
could have been avoided if Washington was up to it.

Banks and other lenders should be allowed to create all the sub-prime loans
they want, but they should not be allowed to transfer the risk to others by
hiding those loans in packaged securities. That's where sensible regulation
can help a great deal.

I hope something useful comes out of this experience, but having watched
Washington at work, I won't hold my breath.

Ara

----- Original Message -----
From: "Yuki Taga" <yukitaga@xxxxxxxxxxxxx>
To: "Tomasz Janeczko" <amibroker@xxxxxxxxxxxxxxx>
Sent: Tuesday, January 22, 2008 5:40 PM
Subject: Re: [amibroker] Helicopter Ben :-)

> Hi Tomasz,
>
> Wednesday, January 23, 2008, 10:23:46 AM, you wrote:
>
> TJ> You may have some valid points here but
> TJ> 10% for me at least is not really anything worth panicing
> TJ> plus making people belive that central bank will always step in and
> TJ> bail out the market in case of any 5% down move
> TJ> makes people just more reckless in their decisions and this in turn
> TJ> may create new (old?) problems in long term.
>
> I'm inclined to agree that stepping in *every* time the market burps
> is a big mistake. There have been some instances recently where I
> think I would *not* have stepped in. This time, I think it was
> warranted, but the market now regularly demands it, so it may not be
> very effective. We'll see how the market assimilates this action
> over the next few bars. I actually did not think they would act last
> night (my time) because I thought they greatly risked having the
> market drive right over the policy action like it was road kill. As
> it was, the US market did actually close down, not up, with a 3/4
> point rate cut that went more than one-sixth of the way to zero from
> where it was. But they are buying some cooling off time, and keeping
> the "we have unlimited funds, and we are shorting" crowd, at bay, at
> least for a while.
>
> As far as the percentage declines go, they are meaningless of course
> without also graphing time. 10 percent in a month would be annoying,
> but not a panic. 10 percent in two days, while a key market is
> closed but its futures are looking like they are going over a cliff,
> almost surely qualifies as a panic. At least "Chopper Ben" and his
> flight crew thought so, anyway.
>
> Yuki
>
>
>
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