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Sorry Mark -
I couldnt read that without commenting on that email to Scheier. I wasnt
sure
if you were trying to be funny or serious - but you didnt come across as
either.
I cant believe you call yourself a 'Professional' with a response like that.
I would specifically like to know if you predicted the results of the
last Fed meeting - when there were no changes.. and everyone was expecting
a rate cut. If you can honestly say yes - then my hats off to you - because
thousands of other Professionals were totally in the dark - otherwise
Im sure the market would have gone up before the meeting in anticipation.
Secondly, I agree that most professionals... and even some dumbasses were
predicting rate cuts this time - but how many were predicting it at 1:13 pm
on Wednesday? Could you? If you can tell me you were ready for it then my
hats off
to you again and I will believe everything you ever post in this group
I really dont believe the image of your system 'predicted' the rate hike
that you posted.
seems more like of a very lucky coincidence to me... and if it isnt - If I
were you
I wouldnt be wasting my time in silly responses to 'stupid' people.. I would
bet
the farm on the next 300 point move that you can so easily predict... and
perhaps
throw us stupid people a bone so we can make a few bucks too.
--
Amjad Moghul
amjadm@xxxxxxxxxxxxx
--
-----Original Message-----
From: Mark Brown [mailto:markbrown@xxxxxxxxxxxxx]
Sent: Thursday, January 04, 2001 9:57 AM
To: Omega List
Subject: Re: Reality/ Re: the Fed
Hello scheier,
sir you are the one who is missing something, and i want to help you
find it. "knowledge" is what you need and there is nothing wrong with
not having it but there is something wrong with not seeking it.
the market itself told you what it was going to do, there were many
different signals all disclosed here by others in recent post about how
they too were seeing market anomalies that shouted at you the
direction of the impending move and at the very least if not direction
that a move of significant magnitude was imminent.
i suggest you take everything you fundamentally think you know and as
we say in texas "shitcan it" other places call this file 13 i belive.
then visit a local insane asylum and see if you can get a good ole
fashion shock treatment or two, just to burn out any cob web ideas you
may still have about your intelligence being able to process
fundamental data to arrive at some apparent knowledge. "NOT"
AND PLEASE do not make the mistake of thinking that so called "Market
Professionals" (of which i an one) are as unenlightened as you think.
now that we have all that out of the way i suggest that you get your
self a good computer and a set of ear plugs (if you watch financial
tv) until you have learned the discipline of doing the opposite of
apparent hype. now what to do with the computer? each hour on the hour
go into the room where it resides and worship it for 10 minutes at
least in whatever fashion you feel comfortable with. meditate and
surrender to its superior knowledge, chanting i am ignorant and it
knows all. i will give you further instructions after you have
completed this humbling experience for at least 6 months. call me.
otherwise you may want to just try a buy and hold for 20 year
approach, it takes less work and thinking.
mark
s> Once again, the point is missed. The oncoming rate hike
s> was well publicized. The point is the intentional surprise
s> the Fed used to release the news so as to maximize its leverage
s> against market participants, many of them professionals and
s> market liquidity providers, at the hour of the day most likely
s> to cause the most damage. The question is whether the Fed
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