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!! That was good. lol's. And maybe my seriousness
deserves a good joke. My point stands, however, and as
yet, I see nothing that deters it. But since you seem to have
been included in Alan's conference call, you might share with
him the results of the profits you made on today's announcement.
I'd say he's deserves a 50/50 cut.
Scheier
Jack Zaner wrote:
> Scheier: Perhaps Mr. Greenspan simply forgot your phone number. How rude
> of him. :-)
> Regards, Jack.
> ----- Original Message -----
> From: "Mark Brown" <markbrown@markbrown.com>
> To: "scheier" <scheier@erols.com>
> Cc: "Omega Users List" <omega-list@eskimo.com>
> Sent: Wednesday, January 03, 2001 12:46 PM
> Subject: Re: the Fed
>
> > Hello scheier,
> >
> > what you don't understand is that the market told you what would
> > happen BEFORE IT HAPPENED you were just not listening..
> >
> > s> I'm very lucky to be able to say I wasn't short the emini
> > s> nasdaq when this Fed announcement came out, but that was
> > s> by pure luck, as I was short twice on the way down for
> > s> moderate profits in what I thought was a normal day. In my
> > s> opinion, there is no excuse for the Fed to treat the market
> > s> and its participants in different manner for potentially bullish
> > s> news as it does for bearish. The right way for the Fed to behave
> > s> for such dramatic reversals of policy is giving small hints. This
> > s> intentional surprise treats such participants like market makers,
> > s> floor speculators, and specialists--who by nature must take short
> > s> positions as part of their daily role-- as if they were second class.
> >
> > s> I have previously held Mr. Greenspan in fairly high regard, but
> > s> must reconsider my opinion. This is an example of the Fed
> > s> playing god. That's not its role. It's role is to tweak. It's
> manner
> > s> should be humble. In this action, it places itself above the private
> > s> sector as if the corporate world of equity ownership were subservient
> > s> to the Fed's control. This is the ultimate disrespect. Some have
> > s> said they thought Mr. Greenspan should have gone some months ago
> > s> because of his lagging actions to leading indicators of a lagging
> > s> economy. I say he was doing exactly what he should have been
> > s> doing at that time. Now I find myself on the opposite side of
> > s> their opinions again. As they love him for his actions today, I
> > s> despise him for the thoughtless and even arrogant way in which
> > s> he has superseded his role.
> >
> > s> Scheier
> >
> >
> >
> > --
> > Best regards,
> > Mark Brown mailto:markbrown@markbrown.com
> > Y = Offset + Amplitude * sin(Frequency * X)
> >
> >
> >
> >
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