|
PureBytes Links
Trading Reference Links
|
Amjad,
I would agree with the below capitulated post, and I question the "ties"
that bind when it comes to Alan. The last such surprise was on an expiration
day in 1998 as I recall, very unfair to any option holders. Are they that
smart, or dumb or. . . well better not say.
Alan has a very questionable history and the 1999-2000 bubble and
subsequent loses by average investors (not me been in cash "way too" early
in summer 1998) which should be billed the "Greenspan bubble" or "Save the
backers of the LTC bubble" or "Let Goldman go public (again) before the
overbaked market peaks bubble".
Question? Can anyone confirm Goldman buying at times heavy from the open
into the announcement ?? Heard it second hand but need a good LOS listener
to confirm.
Man (Greenspan) is not a public servant be, he is less than, in the words of
Yoda.
Disclaimer: No major short or long positions, on balance not hurt and made
good $$ on this but still have questions?
don ewers
----- Original Message -----
From: "amjad moghul" <amjadm@xxxxxxxxxxxxx>
To: <omega-list@xxxxxxxxxx>
Sent: Wednesday, January 03, 2001 7:15 PM
Subject: RE: the Fed
> The point most people are missing about Scheier's comments are not that
> he was short or long. The fact that most people are naturally long - even
> in a bear market will no doubt welcome todays actions - but I agree with
> Scheier - the fed should have stuck to its original plan for its meeting
> end of January to announce. Im sure if the tables were turned and they
> raised rates in the middle of the day alot more people would be
complaining
> and 'whining'. People forget that the last fed meeting was not so long
ago
> and they had ample opportunity to 'do the right thing' at that meeting.
> Raising or lowering interest rates in the middle of a trading
> period - especially at 1:15 - when most people are at lunch? You have to
> wonder about the timing -let alone the day.
>
>
>
> --
> Amjad Moghul
> amjadm@xxxxxxxxxxxxx
> --
>
>
> -----Original Message-----
> From: DH [mailto:catapult@xxxxxxxxxxxxxx]
> Sent: Wednesday, January 03, 2001 4:41 PM
> To: Omega List
> Subject: Re: the Fed
>
>
> > I have previously held Mr. Greenspan in fairly high regard, but
> > must reconsider my opinion. This is an example of the Fed
> > playing god. That's not its role.
>
> <chuckle> Sounds like somebody got caught short. My advice, get over it.
> Sh*t happens. Anyone who doubts that Greenspan is the most powerful man
> in the world needs to take a reality pill. His charter is to do the best
> he can for the overall economy. He doesn't owe the short sellers squat.
> Sure, with the benefit of hindsight, they should have started easing
> earlier but better late than never. I've heard the whiners complain that
> the Fed should have done the cut before or after market hours. The price
> spike would have been worse if they did that. It would have locked the
> futures markets limit up and no paper would have been able to trade.
> Better for the average garage trader to let it do its thing and give
> them the option to trade if they wanted to. About the poor market
> makers, they knew the risks when they took the job and they are well
> paid for them. No sympathy here from someone who is more often than not
> a victim of manipulation by the market makers. I'm sure they will be
> doing their best to manipulate the market back down so they can cover
> their positions at the expense of the public. Personally (since I'm long
> :-) I hope they don't succeed.
>
> --
> Dennis
>
>
|